Yup, so taking an unknown spacer thickness and checking the frame/ barrel lug gap ( because the spacer is too thick) will allow a "known" number ( measureed) to close that space down (with wedge in but not in final position of course) 1st step.
That's finding the fulcrum.
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After that, closing down the endshake to your spec will have the element of compression thrown in (wedge). Obviously, thumb pressure won't suffice because it's not enough to end up with a consistent spec. You'll need a good smack with a plastic head machinist hammer. Adjusting the spacer to get your spec will be tedious depending on your number but your wedge slot should stay the same. I, on the other hand, remove material from the end of the arbor (much more control) to get to my .0025" - .003" spec. But, my method opens the width of the wedge slot slightly so the need for a forward bearing for the wedge
becomes necessary ( or I could make a new wedge or buy new wedges). Since I'm not in the wedge making business, an "adjustable" bearing makes things much simpler and gives the end user options.
Mike