Hi Dean,
Yes the nut does do up tight against the sleeve and the sleeve against the spacer, bearing, crank as you describe. The problem though is that when is had done this there is no crank thread protuding thrugh the nut so the split pin cannot be fitted and the outer case cannot be fitted as it is held off by about an eigth of an inch!
Go to the bottom of my post and compare the shoulder depth and length of the crank sleeve
Then you need to check sprocket alignment
Ignore the splitpin, my opinion is that its a waste of time !!! use loctite thread locker
What make of clutch is fitted? the wear I described leads to drag
RR
I'd have to disagree with you on that point; an awful lot of (or possibly a lot of awful) road bikes run belt final drives out in the open without any issues.
Due to my track use, mine is excessively ventilated front and rear and even with excursions to the kitty litter have never had any issues.
Final drive is a very different kettle of fish,
much lower belt speed and room for bigger belts, yes they fail too
Road dirt gets everywhere especially with a climate like here,
The Triumph I rebuilt had picked up lots of metal particles that were attracted to the alternator rotor
imagine the mess!!!
The roller clutch bearing was a total mess from grit
Regards
John