If you ever take the Toploader apart, you'll see why that play is there. There's not much supporting it with it out of the bell and pilot bearing/bushing. The bearing retainer/throwout sleeve is holding the front roller (ball bearings) bearing in place and the inside of the gear behind the bearing rides on tiny needle bearings surrounding the tip of the mainshaft. As Zookeeper said, the fit on the pilot bearing is important in keeping things right. It's also critical that the bell housing's not so deep the pilot shaft doesn't reach up into the pilot bearing. Back in the 80's I had the stock big block bell crack on my 67 Stang. I swapped in a pickup truck FE bell. After breaking two input bearings on two different Toploaders. I then realized something wasn't right. I got "lucky" with the 2 replacement Toploaders I bought from local junkyards. Both were 390 specific Toploaders with short input snouts and nether reached up into the pilot bearing. Everytime I engaged the clutch, the pilot shaft was completly unsupported.