Never saw this before on my super motors, looks like the earlier super motor?
Can you pass the axle through the bearing?
Measure the diameter of the axle in the middle and see if the bearings were drilled out.
Are the wheels OK or are they from another train manufacture?
Do the wheels fit on the replacement axle, if not time to re-wheel
If the axle bearings are the same size as a standard super motor I would cut the axle in the middle and pull them out replacing the axles with new and if the bearings have a larger OD I would put new bearings in.
Have fun.
I usually do not add up the total cost of bring a locomotive back to life as I m not in the business of reselling that engine for profit. So when I done with a engine I want it the best as possible and it probably cost me more than it is worth. Adding my labor cost I would probably get less than 25 cents per hour. I just have fun in working on trains.