Problem solved. Thanks again, Tom. I stripped, cleaned, lightly greased, and re-assembled the reel Fri. night. It's working better than new.
I tried a new grease. I like Hot Sauce, but the price is rediculous. I picked up a 14oz tube of Mystic JT6 multi purpose grease at tractor supply for $4. The label says it has outstanding extreme pressure, water resistance, and rust/corrosion protection. It's recommended for marine applications. I like it so far. We'll see how it performs over time. ---Tim.