With Babbitt you must pour in the hot lead, I have never seen it done but some old-timers have told me it is very easy to do. I am guessing that somehw wood shims must be a part of the procedure.
The shimming is an after pouring the Babbitt operation.
To pour, you fixture the shaft in place, use clay I believe to space the top shell, leaving holes for the molten Babbitt to flow through, and pour through the top oiling holes.
I'm pretty sure they pre heat the cast iron as well so the Babbitt does not "freeze" in place when it hits. after it cools you take it all apart, (cutting the top to bottom sprues) and then if needed, hand scrape oiling grooves, and re-drill the top oil port, then you shim for whatever the fit is for the bearings. I'd never seen wood used, but it actually makes sense. you can tighten and crush the wood until the desired clearance is obtained. Oil is fed to the bearings every time its used.
What is nice about this one is it has at least one guard, so it's safer. These ran at lower speeds than modern grinders and wheels, and were often geared down for slow grinding when sharpening tools.
I have two of these both able to take large wheels, and are very heavy, but neither has a wheel guard, and both need new bearings poured, so they are future projects.
Can you imagine pouring Babbitt for a modern engine? they used to do just that in the "good old days"