sandmanred,
The written instructions from Atlas or Clausing aren't too clear on this point. The collar to the left of the small spindle gear should be firmly against the step or shoulder on the spindle. Then the bull gear is slid towards the cone pulley and its set screw tightened against the spindle. End float of the cone pulley should be around 0.005" to 0.010". Unfortunately, the shape of the right side of the cone pulley and the left side of the bull gear makes using a feeler gauge to set the pulley end float impractical.