The "cylinder" part of the sleeve goes inside the breech seal, and the metal "washer" side goes against the valve port.
What the sleeve does is keep the seal from blowing out, from the high pressure blast of air. I'd still use it, if it were mine.As far as a weaker spring, take the factory one to the hardware store, and match it up with one that is the same outside diameter, and length, roughly the same number of coils, and made with thinner wire.
There are 3 versions of the 766.The V1 combines the breech and valve. (no breech seal)The V2 has the brass sleeve and seal.The V3 just has the seal.You should determine which version you have.Since you stated you didn't recall the brass sleeve in your gunI would think your gun is a V3.What's the serial number?https://support.crosman.com/hc/en-us/search?utf8=%E2%9C%93&category=200223634&query=766&commit=SearchEither way I would leave it out as it can seriously restricts power.I have a jazzed up 2100 and it dumps 15 pumps at 900 FPS.I used a lighter valve spring and a heavier hammer spring.
Thanks for the tips on bluing.The best valve stem to use on a high power gun is the MRod valve stem.It's designed to take 3K psi and made from what looks like Delrin.P/N 1700-140, $1.68 a copy from Crosman.I usually get several at that price
Not sure what difference the probe seal made.I made several mods at once when the gun was apart.Here's the valve stems for comparison.Same as the stock stem but made from Delrin.
Not exactly the same. Wouldn't work in my Crosmans. The Delrin collar is shorter than the brass one. I polished the brass one and the shaft. Reused it and it's great!