I just replaced one of the two airpacks on my Air Force truck and it was quick and easy. Just remove the old one, move over all the fittings to the new one, bolt it in and hook all the lines back to the new pack. I plan on rebuilding my old one in the future as a spare.
Rebuild kit was about $120-40 (lots of little parts.
) and a NOS airpack was about $450is. I bought mine from Erick military surplus.
http://www.eriksmilitarysurplus.com/mivepa.html
There was a TM insert noting that you should lube your air packs. It was the blond chick correcting the maintenance team that "we now lubricate" the air packs. But I can't find the page/cartoon insert. It isn't a grease zert, I assume you would use a very light oil, but have never done it. The airpack comes packed with some light oil in it from storage. I believe the idea is to lubricate the dry side of the airpack that doesn't touch the brake fluid.
Note that I replaced my airpack, because the seal was going out and fluid was getting past the cylinder and into the vent tube. (i.e., I was blowing brake fluid out of the vent line in the engine compartment.
(Found the insert... attached)