Originally Posted by
Roadwanderer
I'm referring to whatever it is that I'm holding. Anyway, if it gets too tight, the freewheel won't turn independently of the wheel itself.
That's the outer cone and it needs to be tight. If everything is OK and the freewheel binds then you should add a thin spacer, tighten the cone and check the freewheel turns freely but isn't too loose.