Update?.
I was checking the 2 switches, connections, and the brushes in the starter motor as per an older post suggestion because I was having some issues sometimes when I would try to start the motor and nothing would happen. Anyway, that nut must come off to put the motor back together after the brush end cap is removed (to check the brushes) as you cannot get the brushes back on otherwise. The motor was filled with carbon etc. so I cleaned it all out and lubricated the key parts as per service manual. That nut was a bear to take off (probably on for 40 years). I did use the rag method in a vice with the round pipe clamps of the vice and it did finally come off without messing up the armature too much. But the metal on the large part of the armature is soft so I had to be VERY careful when tightening the vice. After all is back together the nut must be put back on and tightened so I used a pair of needle nose vice grips to grab the armature shaft after squeezing the spring together(so as not to mess up the spring) because the shaft still rotates when you tighten the nut! Anyhow, the starter motor runs like a fine watch now and may be good for another 40?.