Sruddy, this is a stunning piece. Your photography skills are top notch. It's obvious what one of your other hobbies is. Amazing!
Wow. That cord has got to go. Mine has the same plug so it's probably the original wire.
Take off the platter and visually check that the motor is NOT contacting any part of the phono chassis. Even tho the grommets look good they can be bad inside. Also check that the shaft on the motor is not contacting the chassis or the platter. On a bad one, the outside will look nice and formed like regular rubber, but the inside will be a gelatinous mass and have the consistency of extremely thick pudding. I've seen this in Garrards and a couple Miracord 10F and my 50H. Grommets are available for it @ http://www.thevoiceofmusic.com/
I thought you had already replaced all the can caps in the power supply of the amp?
Dave
On the spindle bearing, pull the bearing. Clean the bearing race of all the old concreted grease and oil. Pack the bearing race with 3 parts lithium grease to 1 part sewing machine oil. Give the spindle shaft a light coating of this mix. Assemble the bearing. A swooshing sound is probably the platter skimming against something on the chassis like a screw, or something else sticking up. you may need to find another washer and install it to raise the platter up. It's possible that it was lost sometime in the past. Find another turntable in the pile and find a washer with the same I.D. and same thickness or slightly thinner than the stock one. Visually check that the Motor shaft and the idler wheel shaft are parallel. If the drive idler shaft is off, it will rub or slow down.
As far as the drive idler, Hold in one hand and run your nail around the edge. If you find a divot or pothole you have a couple choices. Rubber rejuvenator (which works about 10% of the time for divots you can feel) or having the wheel re-tired. Also make sure that there is a fiber washer on the drive idler shaft under the idler wheel. No washer underneath will give you a rubbing sound. A divot or pothole will give you a rhymic thumping.
The 50H should spin down on shut off for about 30 to 45 seconds or so, if it's lubed correctly, with the brake off.
Nice work. I had the same issue with my Executive III. I replaced the original Garrard TT with it's early 60's successor Garrard TT. You will need to move the entire TT over to the left edge of the drawer to allow enough clearance for the arm's counter weight.
If moving it to the left doesn't work, you could notch out the right side of the interior cabinet with a router if you want to play it closed. You may not have to go completely through the side. Or you can install full extension acuride hinges and play it with the turntable fully extended and centered as it is now. Best of luck. The Elac is a perfect turntable to use with your console.