Good job. Sure hope the new ferrule works out for you on the original tubing surface if you go that route.
Who ever installed that didn't follow the one round after all slack is removed instructions for the initial make up or the nut was a defective. I keep plumber's grease for those jobs too. Grease, isn't a requirement but things slide a little better with lube.
Thank you Senior for the vote of affirmation. I drove (30 miles) into town with the hope that the one hardware store in the area that might be open on Sunday might have the right part.
They had a 1/2" boiler drain valve that would fit the pipe, in a sweat solder version. I could have waited until tomorrow and driven into the bigger town where there is a plumbing supply house, but I had the same thought as you about trying to make a compression fitting work on the old pipe. Sweat solder is more reliable anyway I figure.
I didn't have the official shark bite clip to pull off the shark bite cap...neither did the little hardware store, so I milled one on the drill press from a scrap of rock maple, using a 1/2" forstner bit and a coping saw to make a facsimile of the c shaped "demounting clip". Worked a treat. Off came the cap.
I growled a bit when I discovered that the previous monkey hadn't bothered to de-burr the inside of the pipe. Should have noticed that this morning but gimme a break, I made the temporary repair in the dark with a flashlight. Toyed with the idea of tearing down the cold side just to check, but the cold side just has a nice patina whereas the hotside was dripping with stalagtites, indicating an oozing leak that has been worsening for a while. I elected to leave sleeping dogs alone.
Anyway, I deburred the pipe, shined it up nice and anointed it with flux. Then I fired up the torch and sweated on the new fitting. Used up a bit of my remaining stash of Dutch Boy solder, vintage 1972. Yeah, it's got some lead in it, but nobody is drinking out of the washing machine, and I just can't get the hang of sweat soldering with the lead free stuff when the solder has to wick "uphill".
Now I am washing up the towels I had used to dam up the water to keep it out of the rest of the house.