The Fleetwin and Johnson 7.5’s were not as modern as the other motors and they still didn’t have needle bearings on the rod bearing connections. You will get a huge swing of opinions on this topic, (kind of like politics), but they do need more lubrication than the 24:1 motors. You could probably get away with it, but why risk it? All of the input on today’s oils being significantly better than ANYTHING from back in the day are all true, so that is why you could probably lean it out some, but be careful. It is only the rod bearings that are the reason for the rich mixture on this motor. The pistons could run forever on 24:1 or leaner and not have a care in the world.
Steve