I’m sorry but what degree did you get and what metallurgical and machinery specialty do you have to say this?
First 540 or even 2000 rpm is considered a low speed application for bearings
Second the manual generally speaking is absolutely correct. Depending on design clearances and specific bearing tolerances more grease can definitely work against reliability. It is not uncommon in general industry, where bearings at this speed carry far greater loads, to only need grease every 8000 hours. In that case overgreasing (too much or too often) can and will result in overheating, premature grease breakdown, and bearing failure.
It may be that the OEM supplied a poor quality bearing or simply had a defective assembly. That does not mean the manual is incorrect based on anecdotal evidence from 40 years ago. You simply cannot say their manual or engineering is wrong based on a single case when (to my knowledge) you have not done a full inspection of the failed unit. And recommending against an OEM in a public forum is irresponsible ; hopefully no one who reads your post will follow your specific advice.
Based on that reasoning - I guess adding lead to the gas for my car will make it run better…it did in 1960!
It is obvious you have a huge wealth of knowledge and expertise around flail mowers. That does not make you an expert on all aspects of modern equipment, so please consider that when you post because so many (including me) do look to you for that advice.