Nice build you have there.
Don't mess with those two screws unless you need to replace the drum. there are pics of the hub and drum in my other build thread.
To service the bearings, you just need to remove the grease cap, cotter pin (nut retainer), and nut. This should allow you to pull the entire hub assembly off. You will need a piece of sturdy pvc pipe to pound the grease seal out (or pry it out).
Anytime I pull a hub now I make sure to have new grease seals, cotter pins, grease caps, and nuts on hand.