I am with sseiber on this one. If I try to line up the "pre-drilled" holes in the two packing nuts, mine either has a constant small stream of water even when the shaft is not turning or has no drip at all at any speed. I opted to drill a new cotter pin hole at the point where there is no drip when the shaft is not moving but hardly any drip at all when moving. I fiddled for an hour just to get to this point. It was sort of a pain to drill the new hole due to the cramped quarters but it was the only way I even came close. Given the choice, is it better to drip too much or not at all? I worry that I am on the "dry" side.
Also, what's the scoop on the "high pressure lube"? Where do you get it and where do you apply it? It wasn't mentioned in the maintenance procedure link.