yep, the axial play issue is the primary reason for this design. I've used several methods including retaining rings and belleville springs for axial preload. Also, this method simplifies mounting. When you tighten the bolt, you clamp the inner races and spacer together against your machine frame.....very rigid and smooth running. Hence no need for stripper bolts or anything fancy (expensive$). The basic KISS principle in action.
The press is 2-5 tenths! not thous.....001" interference will cause this size bearing to run rough because the inner clearances get squeezed together too much. It is a standard spec that the bearings are design for.....The interference changes with the bearing size....bigger bearings have a wider tolerance for fitting.
Don't let the fit scare you...it doesn't have to be that technical. Just bore it close and tweek it with a polishing flap on a die grinder. Red locktite will fix some slop if you over-bore it.
Take care,
Rob