Thanks Jason B:
I'd missed the relationship of the bearings to the centres of the bearing stud holes and, as you demonstrate, the wider projection will give a zero end float and just a little fitting. I'd based my misconception of a large end float on mounting the crankshaft but with the bearings not properly positioned axially. Beginner's mistake.
More question on tooling for machining the crank pin.- more newcomer's ignorance I'm afraid – so please bear with me.
I have an indexable parting tool, but only c.1/16" wide do you think it feasible to grind away the centre? More generally one would have to use something like a diamond slip or very small wheel to do this. My inserts are gold coloured so presumably coated (TIN?) I suppose the underlying carbide is fine without the coating, but are there unexpected negatives to removing it – I have wondered about his in respect of other inserts and giving a little sharpen with a diamond slip as I would with an HSS tool.
I do have a more (unused) substantial HSS parting tool which would be wide enough to bifurcate but this, squaring the end, and small roundings to provide the fillets would obviously require a regrind to return it to its original function.
Sorry to extend my original question, but now seems the time to ask.