Over lubrication is one of the most common failure modes with bearings, much higher percentage of failures than under lubrication. Another aspect of that is using the incorrect viscosity, many places say just use an NLGI #2 grease, but that is the thickener consistency and not related to the oil in the grease that does the actual lubrication. You can get low to high viscosity greases and still be NGLI #2 for the thickener. One company I worked for had a customer that used the wrong grease with a high viscosity (recommended to them by a grease salesman) in a motor drive housing and did about $40,000 in damage when the shaft bent from the excessive heat.
I would always go with what the manufacturer recommends since the machine was designed for that and they should know what works. Spindle bearings should never be packed full unless there is extra room in the housing to let the excess out when it starts rotating. The exception to that is low speed spindles can be packed full since they rotate slow enough that churning doesn’t happen, but in most cases, a couple pumps of grease at regular intervals is more than enough.
My Burke Millrite has grease zerks for the way lubrication, but they are meant to be used with way oil. The previous owner used grease and I had to take it apart and clean it out before it would operate smoothly again. I was the reliability engineering manager for the last company I worked for and we had color coded grease zerks and grease guns to try and prevent the wrong type of grease to be used, even that didn’t always work…