I'd be concerned about creating stress points on the spindle that might cause it to break. A choice between a possible spinning bearing and a possible broken spindle- - - -I don't think I'd take a chance on the spindle breaking.
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!