So I just checked the fit with a Dura Ace Bottom bracket. The slop is definitely due to the Miche bb! The Dura Ace bb fit snug and proper.

After seeing how another bb fit the shell so well its amazing how loose the Miche is.

Probably going to look into a different bb/crankset setup. I was looking into replacing the cranks anyways since they are the old Miche style with the threaded spider and 135bcd.

Thanks for the help everyone!