Thank you for the advice. I do have some experieince with saddles/leather. I worked as a saddle fitter with a custom saddle shop that made dressage/jump saddles. I know how to drop the panels, reflock the saddles, adjust the tree width to measurements and stitch the saddle back together. I also know how to do small repairs on the saddles, added D rings, replaced billets, and small repairs to strap goods.
This saddle was not used much, and was kept in a temperature controlled room. The leather is still pliable, and soft - practically new. I will be doing a deep conditioning on it this weekend.
I guess what I really wanted to know is should I take all the wool off, condition the leather backing and replace it - or just move this nail a bit over. I am assuming the nail is not staying in place due to the leather in that spot stiffening in a position it has been in for a while and the nail hole has lost the tightness and is slighlty too big for the nail.
Or maybe I should drive on down to Clements....
Stacy