I have a 1988 16785 with the Suzuki 2 cycle, it doesn't have any radial play in the crank. I did look at a Toro commercial mower this summer that did have some play (didn't purchase it, because of this). Bearings appear to still be available for this engine. I own quite a few 2 cycle lawnmowers (Lawn-boy, Tecumseh, Suzuki), none have play in the crankshaft when cold, but the Lawn-boy's exhibit some play when checked hot. I'd replace the bearings, the Suzuki is a great engine.
Jeff
Jeff