Jim,
I'm in the same boat. I measured the bore on the main bucket pin and I got 1.3". The Pin seems to be 1.25" so I have .05" of play (almost 1/16" feels like more than it sounds like). Did you notice in the diagram that it says for some part number and later? My 16LA does not have replaceable bushings so I'm wondering how this would work. Do I bore it out to take the bushing? That seems dicey for me (at home) as you need precise alignment with the other loader bore (so that the bucket rotates around a common axis). When I was at the dealer the other day I priced these parts and I think they were ~$2.70 each.
Jim are you thinking of taking the plunge?
Peter