That spindle is simply kickin. You said you ran it up to 8000rpm (well 7000 smoothly), does that MicroMax go that high in RPM?
It looks liike you have the pulleys helping alot but I didnt see anywhere back in your post that gave the ratio's. Is it a 1 to 2 - 2 to 1 setup? If so then the little motor is reaching around 4000rpm.
Either way those are very nice motors. I never really felt like the import motors we get with these machines are anywhere close to there ratings. That MicroMax really surprized me with its torque on those cuts earlier, and if the spindle is being pushed with a 2 to 1 ratio then its even more impresive.
The bearing thing, if they dont feel like silk then there is a problem. I seen back in the post where you stated the feel you had in the top bearing (when you first put them in). There is no hope anytime you run into that again. If its rough you fix it right then, or later. Now a tight drag is one thing ( heavy preload felling) but it still must feel smooth, kinda like its in heavy oil but still silky feeling. Sounds like you got it the second time around though, like you said, live and learn.
That machine is cutting very nice, and the spindle sounds like it is doing well.
Jess
GOD Bless, and prayers for all.