The rotational free play you mention sounds normal to me. Mine didn't have much, but there was tiny bit. I can't see how this matters though, since its a slave to wherever the camshaft takes it. If your wear was fine on the camshaft and OPDA shaft that you removed, it all sounds normal to me. The OPDA I removed had more vertical play than the Crown unit I replaced it with. If you pulled on the shaft, it would move up and down a bit (that's what she sad!). That said, I have no idea of whether that was really a problem or not, but mine was acting up big time (limp mode over 3k) and the issues went way after replacing. I thought it was likely evidence that the bushing was failing and allowing for more movement. When things heat up (or in really cold conditions), it may have wobbled laterally as well, causing the tone ring to wobble. Not good. It will actually hit the camshaft sensor and make a noise in extreme wobble situations.
The downside of doing the OPDA at home is that we don't have a scanner to plug in and do the final calibration. Perhaps find a dealer or shop that does and have them spin the OPDA housing to 0 degrees correction (there is small window of rotation allowed until the P0016 code pops when it gets to operating temp. You may be on the edge and have somehow advanced or retarded your timing enough that just off from ideal, but still in the window that the PCM likes to see from the last calibration.