Just for the record: in many miles and years of using Phil ss/fixed hubs
and bbs, many of each bought second or third or any other-hand -- the
wheelset on the erstwhile Herse used 3-piece Phil fw hubs -- in admittedly
dry conditions, I've never had any problem except twice with loosening bb
lockrings that were fixed with re-tightening. This includes the current,
old, steel-shelled -- how old, how many owners? -- bb on the Ram which was
converted from 116 to 103 using a hammer; and the custom 145 bb on a fixed
mtb that was ridden into 2 feet of water and never serviced -- it spun as
new when I disassembled the bike a year or so later (the ti Phil bb on my
commuter also got plenty of drenching rain and deep puddles).

I don't say that Phill bbs and hubs won't degrade quickly in regular wet
weather use; don't know. But that is my experience (and my brother's, which
is even more extensive than mine -- So Cal, mostly). Also, my last *new* Phil
purchase (as opposed to much more recent purchases of even older and used
bbs and hubs) was the 2003 Ti bb for the commuter; perhaps the new ones
aren't up to the old ones.

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