Great info, guys, but it kind-of beats around the real problem...
Kevin Wrote: "Turns out that the shaft that runs through the alt and turns the cooling fans lost a nut and thus no belt drive to cool. I reinstalled the belt and nut, but the "inside" pulley off the alt seems to have more play in it than I would prefer. How does that pulley come off?. Will shimming take care of this?"
OK, what happened is that the nut on the fan pulley wasn't tightened adequately, loosened and fell off. Along with that, I suspect that he lost a few (if not all) of the shims under bell spacer next to the nut and between the pulleys, but THAT's not his main problem, either.
His main problem, most likely, is that he's also loosened the inner pulley half AND lost the Woodruff key that holds it in position (alluded to by Leon, above), thereby allowing it to have the more "play" that he describes, so here goes, but bear in mind that this pertains to a T-1, although I'm pretty sure that the tolerances I give you work on a 356-cooling-style T-4, too:
It doesn't matter if you have a generator or an alternator, there is a Woodruff key on BOTH the fan end of the shaft and the pulley end of the shaft (you're FAN end should probably be OK). That inner fan pulley half should pull right off the shaft, thus exposing either the woodruff key or where it's supposed to be. If it's still there, make sure that it's positioned straight, not worn and that the corresponding slot in the inner pulley half center-hub is in good shape (not galled or worn wider than the width of the Key).
If everything looks OK, then put it all together again and do the following:
1. With a straightedge (I use a carpenter's square, but a yardstick or just sighting down the belt will do in a pinch), check the line that the fan belt will make between the inner pulley halves of the fan and crankshaft pulleys. It should be straight and not angled at all. If it is angled, then use shims behind the inner fan pulley half to get it straight.
2. Re-assemble the pulley halves with at least 10 shims between them and the fan belt installed. Use a screwdriver in the rim slot of the inner half to hold it fast (lever the screwdriver against the shaft) while you torque the nut to 40 ft-lbs, then rotate the crankshaft one revolution to settle the belt and then check the belt deflection - it should deflect 1/2" when pushed halfway between the two pulleys. If it deflects to a different amount, then add or remove pulley center shims to get it right: adding a shim makes it looser by about 3/16", while removing one makes it tighter by the same amount. REMEMBER!! Spare, unused shims are stored under "bell" spacer under the pulley nut and outboard of the outer pulley half so you'll have them later.
That's about it. It's time consuming to get the belt straight and to the correct tightness, but you only have to do it every year or so when you check belt tension. Just make sure that the nut is torqued to 40 ft-lbs., as there isn't any lockwasher under the nut and you don't want to lose it again ;>)
gn
BTW, Kevin: I know YOU don't need this level of detail, but others on here might benefit from it....