Here are a few additional thoughts about the pistol, that I've learned from experience and from some kind and knowledgeable people on this forum and others, that might be useful.
Rereading all of this, just where does one apply oil for the pump seal? The only place I can see is in the cylinder slot underneath when the cocking lever is all the way forward.
The 46M is powerful!I own a standard model 46, which may not be available any longer. The 46M that replaced it has a longer pump stroke for higher pressures that deliver about 50 to 70 f.p.s. higher velocity with target pellets. Side-by-side, you can tell the M model is a trifle harder to pump. When it’s by itself, you’ll never notice the difference. I would love to trade up to an M, even though my 8-year-old model 46 still functions fine. My 46 gets about 430 f.p.s. with RWS R-10 Match Pellets (light). A 46M will get 480 to 500 f.p.s. with the same pellet.