Thanks all,
I was getting little response in the Adept thread- it's of less general interest, and I thought I'd try for a wider audience, and certainly got a diversity of ideas!
As it 'appens i came up with an idea last night, and the same idea was posted on the adept thread.
I will replace the two adjusting rings with a single split ring that is retro-fitted around the spindle, set and locked in place.b Naturally this means using an extra thrust washer (as I don't want bearings running over the split), but it should be OK.
This also means I can make the new spacer exactly on size (less allowance for rotation) of the gap between pulley bush and thrust bearing.
Neil – listening to Marillion on the radio – and enjoying it!