@lewm
I think the earliest version of the 301 did use a grease lubricated bearing which then became the eddy current brake that RB describes
My Garrard 301 is the grease bearing type, and has the eddy current brake. I am pretty sure the eddy current brake was there on every Garrard 301 and 401.
If Garrard had chosen a synchronous motor, the actual speed of the platter would depend predominantly on the diameter of the pulley on the motor shaft. Actually, this pulley is stepped with separate diameters for 33, 45 and 78. Getting all three diameters exactly right for every deck would have been impossible, back in those days, in my opinion.
Aftermarket suppliers like the Classic Turntable Company offer replacement pulleys in multiple size increments, and recommend getting a pulley which positions the braking knob on the lighter side. Different pulleys are needed for 50-Hz and 60-Hz operation.
These units were designed to run 24 x 7 in broadcasting studios. The BBC would have been fastidious about speed stability, back in the day when they had a dozen self-directed audio engineers, whose speaker designs are still influential today.