JanMM,
Thanks for the site. So it turns out I have a loose-bearing bottom bracket with square tape. I took the BB apart and one of the bearing cages was completed corroded. The balls where all lose and flying around. I cleaned it all up and got another bearing cage and put the thing back together. Wouldn't have been able to do that if not for the info you forwarded.

I guess my original question still strands, can the SM-BB70 work with my CCM exclseior. Although, the more I read the more I'm thinking No! If I am going to upgrade the BB what should I be looking for and considering.