Speedometer evaluation?
Almost correct. The needle is on the same shaft as the drum/stator whatever its correctly called. the lower/rear bushing is in the middle of the magnet part. Your arrow points at a fastening center hub. The shaft passes through that.
Please know, I've been into only 10 or so examples. I haven't seen all the faults. I assume what I have seen is most typical. Foremost is the cast metal bore with steel input shaft running in it. Cable alignment is a huge wear factor here. The 68 and up plastic sleeve type cable attachment is the better design. Our collector nut does little to align the cable and sheathe.
Speaking of can't see... The trust washer(s) at bronze bushings are phenolic and very tiny.
Do you see a thrust washer here? Does all this look well centered?