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M_V-
You are right I took it all apart this morning, and its a sort of tapered split ring to locate the stem in the bearing.
Having cleaned everything thoroughly, re-greased and re-assembled I'm still really struggling to tension the headset in such a way that the forks don't move under braking but not so tight that the steering is binding. Any tips from anyone?
tertius
Ha! My main concern is the bit sticking up in the middle - pretty sure that his meant to be flush with the shell.