Thanks for the comments guys.
Thanks George for confirming that there are no shims near the impeller - good to get confirmation on that.
I'm confident that the magnetised can is mounted correctly because I marked it before removing it (there is always a bottle of TippEx nearby when I'm stripping things!).
I hadn't replaced the brushes - because the pump was running correctly - but I will check to confirm that they are still correctly seated after having had them off.
Thanks for the advice re. air locks, I'm not at that stage yet but I'm sure that advice will come in handy. My tests have been with the pump DRY - which may be a source of the problem.
I agree with Dr Benz that replacement of this part would be a simple and reliable option but this comes at a fairly high cost.
The correct replacement pump is available from various sources (inc. Bosch themselves) but at a cost of c. 400 Euros.
So far the seals have cost me 4 Euro, but of course I am not yet running so too early to tell.
Of course replacing the pump with a later model is also an option, and indeed if I fail to repair my current pump that is the most likely option I will take. Guessing that can be done for 100-150 Euro but this is not without the complications of finding the right spec. of pump and modifying the cage and protective housing at the rear of the car as Chris is commenting on.
Chris take a look at this posting which may help:
http://index.php?topic=1401,pump[/url]
Martin
1967 250SL RHD Auto