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Good quote on Jerry's book, I should buy it for a barometer, I'm curious on the rear my BE 12 bolt looks like the tubes are painted but the center natural and rear cover as well, who knows.....
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John Z, who was there, has stated that rear axles were painted black complete with drums. Lines and cables added later, yoke was masked. There are a number of axle photos in vintage car magazine tests and the axles look shiny black. One of the best is ZL-1 #3 in the Aug '69 HP Cars.
Remember this stuff was not cleaned, degreased or primed prior to paint. I doubt the paint adhered for long.