The contact inside the switch is significantly worn, but to my inexperienced eye, the contact on the top of the starter just has a shiny spot on it. (Visible in the third photo.)
Another question: Under the commutator cover (metal band) that wraps around the end of the starter, this unit has a heavy canvas-like tape wrapped around it. I assume that this was added when the unit was redone in an effort to keep the insides clean and dry. Is there a reason for me to remove this wrapping at this point? (Then again - it may come off as I clean the starter up. Should it be replaced?)
Thanks!