Which way does the caged bearing go, that is still my main concern. The way it sits in the first picture at the top here or the other way around with the bbs facing outwards?

I have no desire to "learn" this, i just want to get it done and forget about these old world wheels as they are nothing but a pain to work with for so many reasons.

When mounted back on the bike, the wheel does not spin freely very well so i must have messed up something somewhere. It comes to a hault after a short while.