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That is the fitting that NAPA had, and I have a 1/8 NPT grease zerk threaded into it. I just left it in the caliper when I sand blasted and painted the caliper.
RE: Painting K1 calipers... As most here know by now, I'm just starting my CB750 apprenticeship as I resurrect the K1 I bought new in 1971. I'm not presently going for a full-on original restoration but, IIRC, the K1s and perhaps the K0s front calipers were black; whereas later 750 calipers were not painted. (Or at least not painted black!)
My black calipers were no longer completely black having lost some of the black finish over the years. Now, as I'm rebuilding the front caliper, I've found that the brake cleaner I'm using is removing more of the black paint so I just continued spraying and brushing to remove all of the remaining black exterior finish.
My question is, is it advisable to run these (stripped) calipers without any refinishing and not worry about accelerated (or inevitable) corrosion of the bare aluminum finish? Or should I repaint them, as a matter of course, not so much to appear as K1 original, but rather to protect them from corrosion?
If the latter, what prep, primer, and paint product is recommended. I assume Willbird's sandblasting was necessary to remove at least some amount of corrosion, whereas the exterior of my calipers don't appear to be corroded at all. Should I run 'em or paint 'em?
Advice and suggestions are welcome! ZT