You can, if wanted, and within 24 hours, hit the edit button and add whatever you need to to a post.
Circumferential grooves won't hurt anything. If mine, I would just make sure there was no raised metal at the side(s) of the groove sticking up above the bearing journal
A way that works for figuring the shim is:
Get thrust ring off spindle, and any shim that might be behind it.
Clean up the spindle flange face that you just uncovered so it has no burrs, raised metal or dirt.
Clean up bearing box in head stock - and especially the thrust face of the box.
With journal nice and clean and conical bore in box nice and clean, stick spindle in WITH NO OTHER PARTS until its tapered journal bottoms solidly and squarely in the tapered bore in box.
With spindle solidly held in this position, accurately measure the gap where the thrust ring goes - record this number.
Measure the the thrust ring and record that number.
The difference between the thrust ring thickness and the gap thickness is how much shim it would take to create zero running clearance in conical bearing fit up. (we assume there is some difference since it is too hard to turn)
Since you want a little running clearance, you need a little more shim thickness
How much involves trigonometry. One side of the cone you will find to be 4 degrees. The tangent of 4 degrees is 0.069992681. If I put in an extra .004 shim (over and above the difference noted above) I will create .0002 running clearance on each side of the conical bearing, because .004 X .069992681 = .00027971. An extra .005 will get you .00035 and so on.
The clean parts with clean light oil in clean ring dip chambers will spin freely with that sort of running clearance.
When you get it the way you want it, put it back together with all the parts and make chips.