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Here's three pictures of sheave misalignment and how to check them with a straight edge or a string. I always used a string at work, it was easier to carry in my pocket. I don't think you'll have t worry too much about the angular misalignment, parallel might be off but sheave groove would be the most likely culprit. Sorry for the rotation.
For your bearing replacement, you'll have to pull or press the bearings off and you can drive the new bearings on. If you drive the bearings onto a shaft make sure to drive on the inner ring only and if you drive them into a housing make sure to drive on the outer ring only. The bearing size Ron referred to has shields, the zz suffix means shields. A skf bearing would be 6203-2rs the 2rs means a rubber seal on each side of the bearing. Either one will work but the sealed one will keep more crud out.