I did not see a grease zerk on mine but normally it will release when there is no load on the wheels. Same as when you shift out of four wheel drive when turning on your 4X4 and it won't actually release until you straighten the wheels and take off the load on the gears. Or so it seems to me. My L4350 acts the same way.
All the telescoping arms do is make it a little easier for you to hook up you 3PH implements. They may be a bit heavier built but not sure on that.
I had telescopic arms on my L3240HST but don't on the tractors I have now. They actually make it alot easier to hook up implements. I have quick hitches now. To me telescopic arms aren't worth the price to add them but they are nice.
I agree with John, they make it a LOT easier. I went from telescoping arms to non-telescoping. I still kick myself. Bought a Pat's system to help with the hitching problem.
You can buy lower arms for the B2910 or B3030 for somewhere around $350. Neil Messick could tell you closer. They'll fit your B7800.
The B2910/B3030 with telescoping arms and position control is a whole step above the B7800 for 3pt tasks and worth every penny if used a lot.
the thing that got me thinking about the tele arms is this. In the past when I have finished sheet rock the angle of the blade on the mud is crucial. I thought with the tele arms I could get more of a desired angle on a rear blade for feathering dirt,crusher run or snow??? Also looking at Messicks site they show the tele arms with a bracket which the parts man says is needed? why can't you just get the arms and connect them to the existing apparatus on the B7800 .
What is the difference between the inching device on the B7800 vs the position control on the B2910/B3030
if interested in the Telescopic Stabilizer Kit, you do need the whole kit for the arms to connect correctly i as others have gotten the kit at tractorsmart.com, under $200 including shiping when i ordered less than six months ago