Over greasing destroys more bearings than under greasing, so I would recommend pulling it completely apart and inspecting the bearings for damage.
The seal does not look like it is part of the bearing, the seal on a Timken TRB is flat and the retaining clip is on the underside of the seal, not along the OD like the one you show. I agree with Ulma Doctor that it is probably an off the shelf shaft seal. I’m not familiar with this spindle, is it possible it was added by a previous owner and is causing the grease to build up in the spindle? Normally you only want a small amount of grease in there and a way for the spent thickener to get out before it hardens. A seal there will prevent the old grease from getting out.
The seal does not look like it is part of the bearing, the seal on a Timken TRB is flat and the retaining clip is on the underside of the seal, not along the OD like the one you show. I agree with Ulma Doctor that it is probably an off the shelf shaft seal. I’m not familiar with this spindle, is it possible it was added by a previous owner and is causing the grease to build up in the spindle? Normally you only want a small amount of grease in there and a way for the spent thickener to get out before it hardens. A seal there will prevent the old grease from getting out.