I saw a guy's '77 Monte Carlo the other day,he was working on it,had the front wheels off--he had seen some black blobs on the inside of the rims ,mostly on the drivers side--thought it was road tar at first,but when he jacked it up and spun the rotors,he noticed the bearings felt rough,and "lumpy",made noises if you spun it faster..
He bought 2 grease seals and inner & outer bearings,one inner on the drivers side showed evidence of having spun on the spindle,but it didn't ruin it..(all the parts cost only 16 bucks!--ahh,the good old days,no "unitized" 100+ dollar bearings that aren't serviceable,and have speed censors to fail )...
When he went to drive the outer bearing cups out,he noticed there wasn't much grease in between the two bearings in the hub--a lot of it had gone thru the old leaky seals ,which almost looked melted,then solidified on the inside of the rim...what grease was left in the hub was more like roofing cement,half liquid,mostly "tar"...
I assume someone used regular chassis lube instead of the proper high temp disc brake wheel bearing grease...he had to use gasoline and a brush to scour the goop out of the hubs...
He bought this car off craigslist in PA,drove it home !..its in remarkably nice original condition...one owner..its possible the bearings had never been disturbed and original,with almost 100K on them..
I doubt the 16 dollar bearings will last as long as the originals..