Are the shoulders that you get on axles with sealed bearings there so the right amount of axle sticking out on the gear side – rather then being necessary for the correct operation of the bearing as such?
I ask because I have an older sealed hub that I’m thinking of using with a 6 speed freewheel on a 130mm frame, so if I re-space it, the wheel would have very little or no dish. But this would mean removing the shouldered axle it came with and replacing it am ordinary ‘shoulderless’ one. As far as I can see, as long as the inner race of the bearing is a good fit over the axle this should work.
I know well-built dished wheels are just fine, this is for interest….