Hi,
The Cub operator's manual can help you learn about maintenance that the Cub needs.
Below is the 1955 Cub operator's manual. The experts on here recommend people read it. It has lots of info about operation, maintenance, and lubrication. There is a table of contents on page 1.
It shows how Cubs originally looked in it. The lube section begins on page 14.
http://farmallcub.com/rudi_cub/www.clea ... index.html
This manual shows the electrical system that a 1951 Cub originally had.
Cubs made before mid 1964 originally had 6 volt, positive ground electrical systems.
The Touch Control fluid mentioned in the manual was changed later to Case IH Hy-Tran fluid. It is sold at Case IH dealers.
I would check or change all the oils before using the Cub. Using it with low oil in a gear housing can damage the parts in the housing.
There are 3 separate gear housings, with 3 separate oil levels to check, in the rear area of a Cub, the transmission, and 2 final drives.
The transmissions in Cubs commonly get water in them, from rain, or condensation inside the housing over time.
You said it has an alternator in a post above. A 1951 Cub originally came with a 6 volt generator, and a voltage regulator, mounted on a plate beside the gen.
Below is a page from the operator's manual, showing the gen with the hood off. It can help you identify what the Cub has.
An alternator is usually not as long as a gen.
http://farmallcub.com/rudi_cub/www.clea ... e%2050.jpg
The throttle on a Cub has a governor, that has weights inside it that turn, and controls the engine speed. The linkage has to be adjusted right so the governor works right.
I sent you a PM, they are at the top of the page.