Just check some other sources on this to be certain. Lots of these old hammers are being run with steel on steel and lube, where originally they had Babbitt poured and then machined to clearance, and the owners simply don't realize or never could be troubled to redo it.
My Bradley has an eccentric on the main drive shaft that's currently in the same state, and I'll have to do more extensive machining to repair it properly, as the previous owner appears to have thought it was supposed to be steel riding steel. It works, but wears excessively and has made it sloppier than intended.
It was of course, not obvious to me either, until a guy I know who has rebuilt a number I'd these explained it.
Usually these machines were designed with a lot more care and forethought than we give them credit for, simply because of age.
Might want to check IFI or one of the Facebook groups to be sure.
I'm not certain what part your referring to, but a lot of clutch and brake mechanisms use leather covers for grip also.