Not that I recall (bearing between metering ass'y. & the hub). From the picture, it looks like one of the speedo tangs is missing from the hub (unless it's covered with grease). You may be hearing the missing tang being ground up (if it's truly missing). The inside of the metering assembly has a boss that rides on the inner bearing race. The other (rotor) side has the spacer. You may want to replace both bearings and take a look at the inside of the metering assembly (and maybe post a picture). I would think that the speedo would still work with one tang missing. I have an older shop manual and it does not show anything between the metering assembly and the bearing.
HTH - Dave.
There are some simple thruths......and dogs know what they are - Joseph Duemer
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