WD-40 or a true penetrating oil is going to have a hard time getting to those threads. I
THINK I ended up using a baby impact wrench on mine - maybe you have a friend with a small impact wrench. Use a 17 mm, 6 point socket - all the fasteners on these machines are odd english/metric sizes.
By all means be careful because of potentially wrecking other components and having a wrench slip at the most inopportune time. At worst, a small trip to Albany where you would definitely want to upgrade the valve to the latest style.
That particular o-ring is either viton or silicone and once properly sized, the most convenient place I can think of is McMaster-Carr -
http://www.mcmaster.com/#about-o-ring-materials/=6tgotm