Sounds like you did a fantastic job cleaning up those bearings. Just a shame they may not be in the best of shape. However try the below advice, cause I've experienced what you have with the brushrolls until I learned years ago. I've worked on many Hoover brush rolls over the years.
Your brush roll not turning right and having to have the end caps a little loose tells me that you may have the brush roll washers in upside down or perhaps one is missing.
The Hoover brush roll has 1 washer and 1 bearing for each end. The washer needs to go in below the bearing. The ends of the washer should touch down towards middle of agitator and the raised middle is up towards the bearing and the bearing will rest on the middle of the washer when it is assembled. The bearing goes in with the white or black top up towards the end cap. There should be 1 washer and 1 bearing on each side of the brushroll. Then both end caps should be thoroughly tightened.
Stand brush roll on its end and holding it by end cap it should spin very smoothly with no resistance, or rubs. YOu can also put it into the machine but without belt. It's always good to spin brush roll very quickly manually with no belt near to see how it rotates listening and feeling for smoothness! When you have achieved that result your Hoover brush roll is ready to be installed with a belt.
The link below is a Youtube video of a good sounding Decade 800. As all these Hoover motors are extremely close in sound, the video gives a pretty good idea of the approximate sound tone you're looking to achieve!!
I hope this helps!! Hoover Convertibles and Decades are great machines.
Happy Hoovering and please keep us posted!!
http://https//www.youtube.com/watch?v=O4CG5Lom3Kw