On mine the nipple is under the swingarm too. Why is it I never succeed to get grease in there?
On that design, when you're pumping grease, you're trying to force it from the center of the swingarm all the way down to both ends of the pivot bolt, at the same time. On the dual-zerk design, you're only needing to move the grease a few inches, and you're only pushing against one column of grease.
In older bikes, the grease in the passages is likely old and cruddy, so when you try to push in new grease, the old grease is blocking things up.
I do believe Hondaman covered this in the FAQ section somewhere.
mystic_1