UPDATE: I needed to have my rear tire replaced and took the rear wheel to my local moto shop to have that done. While there I happened to insert my thumb into the bearing to make sure it spun freely... it didn't. In fact it was almost impossible to turn. Same with the bearing on the other side of the hub. And even when you could get it to turn, it felt "crunchy". So I left the wheel with the shop to see what was up.
My mechanic noticed that the bearings were really hard to remove, which caused him to wonder if they were the correct size. The bearings themselves are All Balls, and are the correct size: 6304, which is the same bearing that's used on the K model's rear hub. He then measured the OD of the bearings: ~51.9mm. The inside hub itself measures ~51.5. No wonder they were binding! The bearings are bigger than the hole they're supposed to go into!
So now down this rabbit hole.... is this not an F hub after all? It is laced up to a 16" Harley wheel, which was common back in the 70's. I always assumed that it was the stock hub but maybe not? Can someone measure the ID of their F hub for me to confirm?