True that the knock may disappear when running on steam (it's amazing how much smoother they run on steam than on compressed air!), but they are a lot easier to check while out of the boat. I use "
Plastigauge" to check the bearing clearances on my engine. You drop the bottom half of the bearing, put a piece of Plastigauge in lengthwise at the 6:00 o'clock position in the bearing, reassemble the bearing to the proper torque, then disassemble again and measure how wide the plastic has been squished by the clearance in the bearing against the calibrated packaging of the Plastigauge. BTW, that was a standard way to measure bearing clearance on steam ships, but using lead wire instead of plastic.
I agree with the previous posters that .001 per inch of diameter is a good target for crank bearings. On eccentrics though, I would shoot for .002 to .0025 per inch of diameter, due to the high surface speed that they operate. You don't want one seizing up.
Though knocking bearings can be annoying, as the old saw from steam railroading goes regarding knocks in bearings, "It's better to hear them than smell them."
It was not easy to convince Allnutt. All his shop training had given him a profound prejudice against inexact work, experimental work, hit-or-miss work.