Well, I decided to open up my new Daiwa Saltist 40 Levelwind today to put the Carbontex drag washers in. I have not yet used this reel in the water, but I figured I would do it right off of the bat. I am planning to use this reel for Cod, Mahi, and lighter Saltwater duty. No plans for Tuna as of yet with it!
I'm gonna to name the things as I saw them, not by Key. I may convert to key # later, but they are pretty simple!
Copy of the Saltist LW schematic for the 40 and 50:
Step 1: Unscrew the little lock screw
Step 2: Unscrew the Handle Nut
Step 3: Remove handle and the thick washer behind it.
Step 4: Unscrew Star. I left all of the internals inside it as I wasn't touching that stuff yet!

The next Pic also shows the little bronze color washer that was stuck to the back of the star by grease. I left it alone.
This one shows the top of the internals of the star:
Step 7: Pics 7 and 8 show the main shaft from the top, as well as the order and orientation of the bellvue washers.
Pic 9: Shows all of the main shaft components laid out in order
Step 10: Unscrew Clicker Knob and 5 screws holding side plate on
Step 11: Lift Off! Shows the underside of the sideplate, with more internals left in place.
Pic 13: Shows the rest of the internals and main shaft/reverse dog setup.
Step 14: Disassemble Drag stack. I got a suprise here as you can see!!!! Already Carbon Fiber Drags installed and slightly greased???? A little different that the CarbonTex, so I cleaned the steel washers, regreased with Cals and blotted clean and reassembled.
Step 16: Swap stock washer for Carbontex small washer after I greased/blotted the Carbontex with Cals.
Pic of Carbontex vs Stock small washer.
Pic of Stock washer. Looks to be a phenolic of some sort from the pattern?? Looks similar to Micarta or G10 laminates I used to use when I made knives for the handles. Not a thin paper washer that Alan found in earlier Saltists!!!
Now you just put the main gear back onto the main shaft after rebuilding the drag stack, and reverse the above steps!
Replace sideplate and screw back onto frame. I greased the screw holes, too. Replace clicker knob, but leave loose. Install small washer, Bellevues, odd spring looking thingy (drag click spring assembly spring and holder). Screw on star, then the thick washer, handle, handle nut and lock screw. Done! I reinstalled my handle to the longer throw position for better leverage since this is the 6.4:1 ratio.
Nice and easy!!! I didn't test the drag before and after since I only swapped out 1 washer for a Carbontex. I was more concerned in greasing the washers to protect from saltwater and open up the reel and see the internals so I know how to open it for service if needed.
I did the upgrade to my Shimano Tekota 600 yesterday, I may reopen it and do a tutorial, but it is almost identical to the Torium IIRC. I followed those instructions w/o a problem.