I thought that the "new" type of pulley, like Bearmach sell, were a one piece cast affair where the "lip" was part of the main material that the rest of the pulley was, unlike the spot welded on rather "weak" looking jobbie that's out there at the moment.
I don't think the FIP should have any end float either, can't remember if mine did, but i'm pretty sure it shouldn't.
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