I just wanted to follow up with my conclusions, and also thank everyone that helped with their thoughts and feedback. There's nothing worse than a thread in a forum that doesn't tell you the ending, especially when you are looking for help and find what seems to be the answer – but doesn't give you the punchline!
Either way, my Startrite Mercury is all back together now, and much quieter than when I started. The changes I made were;
- Replaced the motor bearings – not sure if that made much difference, but they seemed a bit gritty and were not expensive. The originals were also open bearings, so I replaced with something to add a little protection against dust ingress.
- Stripped the spindle (which was not as difficult as I'd thought it might be), cleaned the old grease out of the thrust bearings, re-greased, and re-assembled. This also eliminated a tiny bit of vertical play, which may or may not have been a contributing factor to the noise.
- Added the missing O-ring identified by KWIL in the thread above.
- Greased the splines – these were dry from the outset.
- Replaced the belt with a good quality notched type. It certainly has no bumps in it like the one it replaces!
The noises I had at the start were I believe from the spline rattling, but may have been a combination from other sources too. Now these have disappeared. My belief is that the main remedy was the new belt, and getting the tension right. Too tight and it oscillates, and the noises come back as the spines pick up the speed variations. Looser seems to be the order of the day. And since the notched belt has "raw" rubber sides, it grips much better on the pulleys, and so doesn't need to be drawn so tight to avoid slipping.
I did have high hopes for the O-ring helping too, but for me it seemed to make no difference. I must confess I'm not sure what it is supposed to achieve, sitting where it does – but it does no harm, and is supposed t be there looking at the exploded diagrams!
Anyway, I think I'll live with it for a while and use it in anger and see how it goes. Hopefully the improvements are permanent! But it certainly sounds much smoother and quieter – which was my intention. All in all a good result!
Cheers
Graeme