I just did this same procedure very recently on a 1937 featherweight. It worked out great and this was my first time working on any kind of motor. Here is a blog I read through that gave me a lot of help in showing me what to expect. It has lots of pictures.
http://vssmb.blogspot.com/2011/12/ho...rt-1-wire.html Also the people on the board are the best!! I've asked so many questions. Everyone has been so helpful.