2 things wrong:What if we drill a 1/16" hole down the center of the bolt from the head side, far enough to reach the center of the brg(maybe 1.5"). Then drill in from the side in 2 or 3 places . Then put a angle zerk fitting in it. Then it could be greased easilly.
This may be hard to do and I don't know how much it would weaken the bolt.
Would definitely weaken the bolt, which considering the small diameter of the bolt (10mm) and that that this bolt has the weight of the bike plus any impacts to the suspension supported across it laterally, seems like a bad idea to hollow it out. If the bolt did happen to sheer off your rear suspension would be [edit 'cause I had the directions backwards] free to move wherever it wants.
But it wouldn't work to get grease into the bearings anyway unless you also drilled corresponding holes in the inner bearing races (spacers). Otherwise you'd only be greasing the inside of that spacer. I suppose it would be possible to drill small diameter holes in the spacer and then somehow chamfer or de-bur the inner edges, but it could also cause some issues for those needle bearings rolling over the holes.
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