I checked and there was a little bit of lateral play (side to side), so, I snugged the cups real good on both sides... Now there's hardly a hint of lateral play, but, the radial play stayed the same. It's significant as in the chain ring teeth move (wobble) 3-4mm when I grab the cranks and shake them back n forth.

I don't think the bike is worth investing in a Phill Wood BB, so, I'm leaning toward a Shimano cartridge UN55. However, the dilema is I only see 68x118 and 68x122.5 and the way I have the current chainline set is indicating I need a 120mm. So, do I order a 118 and use a shim.. or take the chance on a 122.5? Current setup, I have 2mm clearance between small chainring and the stay.

Also, I don't know how much the placement of the crank will change due to the taper of a UN55 (or whatever bb I purchase). I'm leaning toward the 122.5mm and hope it doesn't move the chainline out too much.