IndyYZ85 is right. Any movement in the flywheel is a BAD thing. Sounds to me like you're getting ready to hear those two dirty little words, bearings and seals. You have already described three of the main symptoms of the bearings going out; locking up, weird sound, and movement in the flywheel. This is why your oil is clean(no metal shavings) and why your top end is probably ok as well. However, if it is the bearings you should do a topend and have a whole new engine. Sorry to be the bearer of bad news. Hope this helps.
Michael