Thanks! I appreciate the info.
Yes, this 3340 has the tubes for lubing the motors.
I have yet to get a demag tool, but I plan to get one.
As far as the vinyl shims - they came with the tape deck as well. When I re-tightened the reel hub set screws, I had to make sure I had the alignment 'close' - I wasn't sure how to set this up since you have to tighten the set screws without the tape reels on. Also, it is a 'blind' tightening operation from the front panel and you have to feel around with the allen wrench to find the set screws. I guess I will review the service manual again to see if there is a procedure. I was a little stumped on how both the feed reel and take up reel hub set screws could have gotten loose.
I still can't believe the owner gave it away. I never get this lucky.