I don't understand the question. If the question is will the pressure provided by the BB keep the inner from allowing water intrusion, then answer is no. If water can get in grease can get out. Sounds like a bad seal or over pumping the grease causing seal failure or a rusty spindle eroding the seal.
Changing the spindle ring can fix problems with seals. If the ring is bad, it doesnt matter how many seals you replace, thier all going to fail. Change the ring but put on new seals too. Should be fine.
my problem is 1975 trailer, the seal ring is pitted and undersized from previous owner trying to sand pitting out.
Billy do you carry these I need size #8.
1973..#8. Man, thats gonna be tough to find. What you need here is a "speedy sleeve" </p>
Take that ID measurement where the seal sits now on the hub. A parts store can match the speedy sleeve you need with a brand new seal. The sleeve is a few 100ths bigger than the ring you have now so your old seals or standards ones wont work. Just be sure to get that measurement with a caliper if you can. i would say NAPA is your best bet. Call me if you need too...</p>