The bike is "fully restored" with about 6700 total miles on it. I did the resto my self. Thread here:
http://www.bmwr65.org/cgi-bin/yabb2/YaBB.pl?num=1346783584/0 All I can say is that Ive replaced all the bearings on the machine, and gone over all the usual suspects, filled and rechecked all the fluids, etc.
I suspect the rear bearings for two reasons: First, when its up on the center stand, I can grab the top and bottom of the rear wheel and try to rock the top of the wheel (not spin it, but push/pull the top of the wheel) and see the gap between the rear drive and the wheel hub change very slightly. I dont hear or feel any knocking though. Second, when cruising, if I let off and back on the gas quickly, I get a very slight fishtail weave. Doesnt feel good on turns.
I took the rear wheel off yesterday to do a quick check of the bearings and they feel fine. It just doesnt seem like they are tight enough and there is bearing slop.
When I had it apart with the bearing replacment, there was a spacer tube between the bearings, but no thin shims. Then it had the outer "hat" spacers under the seals.