I have only tried the motor off load, that is without the belt fitted. I will check the motor again for any signs of contact between rotor and field windings. It does sound as if the rotor is clouting something, but I could see no marking on the rotor I will measure up the bearings and shaft while I am at it to see what the wear is.
After a close inspection tomorrow morning I will reassemble the motor and see if I can detect any contact as the shaft is rotated.
It is quite safe to oven any motor at 70 centigrade. Remember this is without the motor coils energised! Rule of thumb is that all motors can run to a temperature of 100 degrees Centigrade under load. more modern motors can be run at 120 Centigrade and very recent motors designed for high temperature running are good for 150 Centigrade.
The bearings are of Vandervell white metal construction. Standard Doncaster build for around the 1970s. A bit of a problem, as there have been no replacement parts available for many years. If it is a bearing problem, it sounds as if it is coming from the rear bearing, which is most odd If that is so, then a ball race can be fitted (have done this on another motor). Usually it is the front bearing which wears first due to over tightening of the drive belt.
I still can't figure out why the noise is only heard in reverse. As the motor is to be used only in a forward direction, I am almost tempted to leave well alone. However that really isn't the way to go, something is wrong and should be corrected.
I will update my findings after tomorrows session.
Thanks everyone for your input.
Andrew.