Well, that was much ado about nothing. I slogged through all 10 pages of this, expecting to make a spacer for a friend's V11.
I *cleaned up the counterbores* in the wheel, cleaned the spacer, got out my depth micrometers, and had at it. If I were designing this part, I would specify the spacer to be the same length as the bottom of the two counterbores with a tolerance of plus .005", minus .000.
His was plus .003". Perfect. Way to go Guzzi.
So, why did his fail? Maybe a cheap OEM bearing? Dunno. Maybe the crud in the bottom of the counterbores keeping the outer races from fully seating? Could be. I officially quit worrying about this..