Adjusting is easy, and as Silvertip mentions, there must be some slop (aka free play). Why? Heat. If there's no free play when cold, there will REALLY be no free play when the bearings are heating up out on the highway. This is how the rollers start chipping away. And when one roller goes....
How to adjust? Simple. Run the castle nut on with your fingers. Wobble & roll the wheel while getting the nut finger tight. When it is, wobble & roll the wheel to verify it rolls smoothly, and there's no free play...
Now, back off the castle nut 1/4 turn and insert the cotter pin. Grab the wheel and pull back and forth. You should notice a little free play and a light 'thunk'. Perfect. Button up and go boating!
