Hey, just thought of another more illustrative example to aid in the understanding of runout. This should help

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Consider the following. You're on Bourbon Street in New Orleans' French Quarter. Standing at the entry to a bar is a buxom young lass sporting tassles on her nipples. As you're engaging her in conversation on David Hume's treatise on religion and the existence of divinity she sways to the background music coming from the bar and her tassles rotates with her nipples as the center point of that rotation.
The tassle itself is exactly six inches long. If she had perfectly firm breasts allowing no eccentric rotation of the nipple the outside diameter of the circle made by the swinging tassle would be exactly six inches.
If, on the other hand, she had some runout and the nipple wobbled a bit in the middle the outside diameter of the circle created by the swinging tassle would vary by whatever amount up and down and side to side the nipple (or center point of the crankshaft) wobbled. The amount her nipple moved up and down would be the amount of her runout.
I love science....
