Mahalo's (thanks)
Thanks all for the kind words.
Charleston, the lip doesn't seem to get in the way because of the portion of the eye having been cut away.
Were it to still be a problem, you could down-size the eye bolt to say 1/8" thread size and/or cut a little more off the 1/4" eye. The smaller size eye bolt would still be sufficiently strong but you'd either need a little collar on it so that it wouldn't wobble inside the bearing or find a smaller i.d. bearing to fit the smaller shaft.
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