Thanks Tom. I'm not sure about the blade... may sound daft but I can't quite make out the state of the teeth - even with my glasses on

. Im waiting for new blades but they won't be here until next week.
Hello again Accipiter, I mentioned a new blade or one in good condition, i.e not cracked,
to be sure the wobble wasn't because of that.
A blade with compressed set will still
run perfectly...(I don't mean cutting)
Not sure what the max width (thin gauge) blade which that saw could run, I guess you may have found some videos on the matter, (edit: seems you might have such a blade on the way)
Having looked at that machine, surprisingly it seems a fair bit more honest than some machines out there.
With courtesy of Peter Millard's youtube video,
Two things noteworthy in this picture....
One being an adjustable lower wheel, as seen four bolts to adjust the shaft up/down, and also left/right.
Anything else, like the clam shell sandwich arrangement on the likes of those cheapo Laguna/Charnwood's for instance,
I'd not be convinced of such actually being possible, despite what they might mention on their promo photos?.
The next notable thing is the motor sitting on mounts, which could likely be fettled to suit the wheels.
i.e either by a tickle with a file, or with some shimming, or both.
(most modern saws sold, having motors directly mounted onto the chassis)
In the next picture, which I read you've gotten familiar with, we can see that the upper wheel carriage is a
bolted on affair, which may indeed have some wiggle room for adjustment.
Likely not much, but to know how much play you have, you'll need to have the max width of thin gauge blade,
to see.
Between that, and the narrow blade you have, you may be able to note any fouling of the wheel and the guidepost,
should you decide to use the lower wheel as a datum.
i.e the lower wheel shaft centered in the hub, or very, very close to such,
with four bolts pressing centrally on the shaft.
So you've got some choice here, compared to most modern bandsaws,
as the Italian saws (by and large) were the pioneers of the contemporary bandsaw what we see today.
Such manufacturers like Centauro, Meber, ACM, and about a dozen other Italian companies making bandsaws
(I'm too lazy to mention them)...
who took the leading role in the market, with a much better recipe, and it only took 20 years for the rest of the market to even think of catching up with them,
Their getting close, but most haven't got there yet!
And that's not even talking about the honest ones, most of which were being built during the 80's to the first half of the 90's.
It's worth studying those ones...featuring foot mounted motors, with lower wheel adjustment hub,
as it makes for an honest/foolproof design.
What also might be worth mentioning, just to be fair... Cantek made a specific era Meber SR themed saw,
which I thought was in the past, but seemingly still do so! (best get a look at the back to be sure)
Anything less is a gamble/lottery in terms of design.
The thing is, the contemporary Italian saws being more sturdy than the countless themed copies of such,
and the current state of affairs being a "jobs for the boys" game.
Can't blame them for that I suppose, keeps them in business.
Such information being necessary to illustrate the racket what's been going on since the 90's,
(excluding those specific Taiwanese saws mentioned above)
Time to cut to the chase, as a picture paints a thousand words.
Here's a look at an upper wheel carriage assembly from a contemporary Italian saw.
Note that shaft
cannot be horizontally adjusted (i.e. tilted) or indeed moved/wriggled,
which makes such the datum.
It might not be so with your machine, but just to mention it highlights the dishonesty of all present manufacturers
as there's ne'r been a mention of maximum or minimum tolerances regarding horizontal wheel alignment,
and as things stand nowadays, no way to adjust the flange or face mounted motors, to suit the upper wheel datum.
That is, without determined intervention.
In short, to believe that such contemporary machines from any company having wheels and motor within some sort of tolerance, is wishful thinking indeed.
Note the differences between those and your saw...
and you'll see why I said that little saw seems a fair bit more honest, than some machines out there.
I'll not bother posting the process setting up my saw, regarding wheel and motor alignment.
T'would be a bit long winded to explain it all, and besides, it's easily found with a google search,
since there's no other sureworthy documentation on such online, nor anywhere else for that matter...
that is, concerning the contemporary bandsaw design, which we see today.
All the best
Tom