ScienceIsCool said:I don't know the answer to your questions, but I do think you're right about the tradeoffs. The seals on cartridge bearings make for very low maintenace, but they do cause extra drag. I remember a time in the early 90's when people were removing all the seals and grease from their hubs, and lubricating with sewing machine oil. Very low friction, but you had to clean and relube after every ride/race.
John Swanson
www.bikephysics.com
In my limited experience with Ultegra (axle-seal) hubs vs Velomax Circuit (cartridge bearings), the Ultegra hubs do a better job of sealing out rain and grit. After the first big rain ride on the Circuits, found the front bearings had corroded due to moisture getting past the (unsealed) end caps where it contacted the "sealed" bearings.
A call to company Tech support was helpful, with the recommendation after rainy rides, the axle end caps should be pulled off and any moisture sitting on the bearings be removed. This is an easy two minute job, but probably not something I'd want to do often on a long rainy tour ride either.
Note, searching for replacement bearings, I recall that they are listed as "2-RS", meaning they have "non-contact" rubber-coated seals on each side of the bearings. They aren't real lip seals, but just coated alloy washers; really "shields" is probably the better term. Have found the shields can be pried out and replaced for clean/relube.