As a rep for a manual transmission that uses ball bearings, in 700hp plus applications? Concentricity between the rear bellhousing bore and the crank bore is important. Its also, not always the bellhousings fault, but the bellhousing is the part that we can manipulate to correct the misalignment.
More often than not; line-boring the mains, aftermarket cranks, block casting core shift and general grunge/paint/scrapes and knicks are the worst offenders.
Incidentally; tapered bearing sets are finicky creatures; that have this weird feature of wanting to squeeze the oilfilm out of the bearing at high RPMs, and don't tolerate misalignment.
I have to coach new customers on bellhousing alignment almost daily. Old school 4 speeds will exhbit 4th gear jumpout, cracked front retainers, cracked clutch forks, throwout bearings that wipe out in a few thousand miles, and increased shift effort at high rpms. We saw less of it back in the day, because most of us didnt understand it at the time, although we recognized the symptoms; and the vast majority of us couldnt afford the type of hosspower that would really show the problem. We would also consider stickshifts as disposable and if it didnt shift right; simply go get another one.
The video I use most often is here:
(232) Part 17 How To Align The Bellhousing Using Offset Dowel Pins For The Big Block Chevy - YouTube
The offset pins I use for GM apps are here:
RobbMcPerformance Bellhousing Alignment Dowels
You should also raise the dial indicator out of the bellhousing bore and traverse the back face of the bellhousing to check for parallelism AFTER your concentricity check. The back face of the bell should be within 0.002 parallel to the flywheel. If you need to traverse any holes? Cover them with smooth packing tape stretched tight.
You need to be within 0.005 of concentric according to most Tremec literature. I have customers in Beloit and similar. But theyre shops who probably won't let you help.
Let me know if you still need help!
N