TOM H, JOHN U. - I started out using Mystik JT-6 grease years ago, mostly because the tube said it was good for boat trailer wheel bearings, and DAD used it on his old IH 2M-E mounted corn picker. Dad said the JT-6 let the picker run about half a day picking before all the plain bushings started rattling where normal grease lasted about one trip across the field.
But in high speed ball & roller bearings, the JT-6 doesn't really lubricate well, and the bearings run hot. About every 2-3 yrs I'd have to rebuild the spindle bearings in my mower deck. When I had the frt axle in my '78 F150 rebuilt the son of the owner of the largest truck repair shop in the Quad-Cities did the work, and he found the frt wheel bearings I had repacked with JT-6 a year or two before had turned blue also, so he replaced them and repacked them with LUBRIPLATE #1202 grease. He recommended the Lubriplate very highly. So I switched. And even though I mow for 5-6 hours at a time with my old 38" deck I really can't remember when I last had to replace a seal or bearing in that deck. Been 20+ yrs at least. For slow moving bearings the JT-6 may be O-K, but a fast turning ball/roller bearing almost needs to be bathed in oil to be lubed properly.
On a steering gearbox I almost think a heavy oil like 85W-140 might be the right lube, if you can keep in inside the gearbox. That big hole in the side really doesn't have that great a seal on it. Maybe "Corn Head grease" which we've discussed may be the right stuff. You need something that flows back into the ball bearings and the machined groove carved in the steering worm after the follower pin slides by.
JOHNATHAN D.S. A #30 carb is really too big for a K241. They came with a #26. I have a #30 on my K321 and it's actually kinda big on it and it's 33% larger displacement than your K241. Depends on what you plan to do with the engine of course, but the farther away from stock you go the more finicky the engine will be. Also, for your head studs, you may want to look here,
http://arp-bolts.com/ They make special stud installing tools, but most people just lock two hex nuts together on them and run them in/out with a ratchet & socket. Studs really are the right fastener for cyl heads, even on a Kohler.