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Clutch Whining
It does sound like it may be a throwout bearing, and it is not possible to lube a throwout bearing. 175k is not bad service for a clutch. If you are going to the work to drop the tranny, I would definitely replace the clutch, pressure plate, pilot, and throwout while I was in there, even if it still has some life in it.
I don't know anything of 318s, but on some cars, it is a real good idea to replace the rear main seal beneath the flywheel when you do the clutch.
The other thing to research ( I don't know the answer) is whether your 318 might have a dual mass flywheel. If it does, and the flywheel is failing, the clutch job can get pricey. I am told that one symptom of a failing dual mass flywheel is a chattering sound as the engine spins down after you turn off the key.
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