We use a stethescope or long screw driver against the bearing cap and to the ear to "listen" , early thrust brg failures "present" as a whirring/growling (not to be confused with "stucatto" type driveline "machine noise" ) Kreg think I missed you yesterday? couldn't find my friiken head set in time ! Tom
X2 with some more information for ya....I am a service technician and we do vibration analysis on large pieces of equipment, FWIW, roller type bearings (does not apply to sleeve bearings) will not make a cyclic noise, but more random clicking, the reason for this is first there are to races and the ball speed is constant, the ball actually travels further on the outside race than the inside, so the ball technicall never hits the same way twice, if the noise heard is cyclic (meaning contant speed) then there is probably a mechanical issue....
Tom, have you guys ever seen a vibration meter (also called an accelerometer)?, I used to use the SKF version on stern drives, never had a chance to use it on a jet (they're normally a little too obvious).
We could tell what bearings were bad before we even tore them down.

GT