Sorry I should clarify. Actually it is a brand new Hot rod crank, new NSK bearings and the crank halfs have been put on a bluing glass to take off any high spots.
So the bearings are tight into the case halfs, and the bearings are tight onto the new crank rod. The crank is definately not going to move sideways when assembled, unless forced.
The Clymer manual says that if the crank is hard to turn when the cases are just reassembled, then the crank is most likely slightly out of centre. It says to tap the end of the crank until the gap between the case and the crank webs are even and the crank rotates freely. To me this suggests that there is probably some side play in the crank between the bearings.
The reason I ask the question is the old factory crank (probably rebuild many times) is slightly wider than the new HOT ROD crank, by about 0.8mm. Of course the Hot Rod cranks are supposed to be built to OEM standards, I am hoping I haven't purchased one that hasn't been assembled properly. Also as mentioned in my first post, with rough measurements there seems to be about 1.2mm difference between crank and bearings.
I am trying to find out if there is some kind of service limit to any crank sideplay as I re-assemble it. It probably won't matter as the crank isn't going to move, but I am kind of fussy.