40 ford rear hub sleeves

I Have just pulled down some old stock 40 rear hubs and the outer dia of the hub has lots of pitting ,(water /rust damage from sitting a long time ) is this a sleeve inside there or is it original machined hub surface , Is there a sleeve available to press in and fit smaller od bearings ? or am i up for new hubs
Thanks In advance Phil
 

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Sorry, Can't advise you of what to do, but here is a larger picture so other Ford Barners can see the problem easier and offer suggestions.
 
Well, Does the brake diameter make it worth saving? Nice taper and keyway? Newc
 
Are you sure that's a 40 hub? I thought all hubs 36-48 ran a sleeve 68-1236A with the 68-1225A roller bearing, which is smaller in dia than the earlier style B-1225A roller bearing 28-36, which ran directly in the hub. That hub looks like it's had rollers running directly in it as evidenced by the pattern left in the rust.
 
Yes its definitely a 40 hub , the sleeve 68-1236A 3.120" OD is for a 34 hub ,this sleeve presses into a 34 hub and then you use the 68-1225A roller bearing , this sleeve is to big in diameter to go inside my 40 hub which measures 2.840" OD , yes this bearing runs directly on the hub surface , Ive tried a few suppliers in Australia but they only carry the sleeves for the earlier hubs , i will probably buy new replacement hubs and use my l standard size drums
 
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