There's really not enough extra wire to reposition, I'd recommend replacing it.
Chris, I will have disagree on several points.
I cannot tell you how many people have destroyed their gears by pulling apart and not putting back together. I have many people contacting me in emails about trains, and this is by far the most common experience, someone gets a cracked axle, opens it, and reassembles wrong. I stand by my opening admonition "don't open unless you need to"... i.e. don't open because you are curious, etc.
Just 1 month ago, I was presented with this: (not my loco)
Also, properly greased, you don't need to open these as often as you read. USAT actually has had that admonition for a long time, and I've
never had a block run dry. A good suggestion is use good grease that does not get thrown from the gears. I do know a couple of people who put a lot of miles on their USAT locos, and they drilled holes in the bottom so they could grease without opening, and have little snap in rubber plugs or even black electrical tape over the holes the rest of the time.
I used to assemble motor blocks the way you do, but they still popped out of place sometimes when placing the cover on... using rubber bands to hold the axles in place is much more foolproof and can be visually inspected easily.
The "improved" axles only have a different knurling on them, and while the incidence of cracking is less, it still happens. USAT makes a lot of money on replacement axles.
I do speak from experience, and I have never chewed a gear up, I have locos from 2000 running fine (with repaired cracks) and I have way over 20 USAT locos, so I would submit my statistical sample is above average, and valid.
Regards, Greg
p.s. the most critical lubrication point is the axle bushings, which can be lubed without disassembly, and the journal bearings, which get all the wear and weight of the loco.