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I commuted in London for years on Formula hubs with no trouble. Bearings were replaced at some point by better quality SKF ones but the hubs themselves lasted longer than the rims they were built with.
I’m not saying they are terrible hubs btw, just pointing out what I feel are their weaknesses.
I also think, having been told by people that have used them, that some very expensive hubs suffer those same weaknesses ie Phils with the exposed bearing thing.
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I commuted in London for years on Formula hubs with no trouble. Bearings were replaced at some point by better quality SKF ones but the hubs themselves lasted longer than the rims they were built with.