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You could do it. The only thing is the recommendation for charging the damper with pure nitrogen. Rock Shox say that you can use standard air as well but long term some say this can effect performance, especially at altitude. And pure nitrogen has some definite benefits over mutt nitrogen for use in suspension components.
I've used standard air in a Monarch RT3 I had for a few strip downs and rebuilds and it seemed to work fine. Well, until it died. I think that was more to do with Clyne mud than anything.I think.
Anyway, go for it. If it goes wrong you can always blame the mechanic.
Anyone serviced a Rockshox shock before? Air Spring and Damper? Worth investing in the tools to DIY it or get a pro to do it?
Also have the option to buy a new Fox Float Evol Factory for not much more than it would cost to get the Monarch RT I have serviced. Hmmm.