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Yes it raises or lowers entirely by the crank at the topThe milling table you have mounted vertically -- the grinder/motor is raised or lowered entirely by the crank at the top ?
No it doesn't it need to.Does it lock in place or doesn't it need to?
At the persent time the 70 duro does fine.You have a serated wheel. I'm guessing typical durometer of 70 or so? Did you ever see a need for a higher durometer?
It is similiar to a Love Joy coupling, but allows a larger degree of miss alignmentYou mentioned a K coupling -- what is that?
Hopefully last question, how did you square it up?