I have an 88 OMC 3.0L (the GM version). When running, the lower pulley on the front of the engine (the one attached to the crank), wobbles. The wobble is not back and forth, perpendicular to the engine axis, but parallel to it (along the engine axis). The shaft doesn't wobble or move at all, just the outer edge of the pulley. I'm not sure how to explain it well, but maybe this graphic will help.
I tried taking a pry bar and moving the pulley/crankshaft side to side and front and back, thinking maybe a bearing was shot, but the crankshaft/pulley didn't budge at all and seems very solid, no play or anything. I'm thinking maybe just the pulley got bent somehow. I just recently bought the boat, so I don't know its history. Has anyone ever heard of a pulley warping or getting bent somehow, or am I just being naive hoping my bearings aren't shot? The boat was just winterized, so I won't be able to inspect it any more until spring. By the way, this is the pulley that runs the alternator.