Fascinating! I can't wait to hear from knowledgeable people on this one! My uneducated guess is that a wheel under load with bad bearings would just ride in the same "place" as the weight would force it to one spot in its sloppy mount. But, a wobbly drum! Can an axle/drum assembly bend? Are you enough of a DIY'er to pull the rear axle out, given proper list of precautions and instructions?