I stick by what I have said and also Trikky2's comment, you have main bearing problem. Why was engine rebuilt, what was problem? There should be never be any lift on crankshaft pulley. If engine was rebuilt by some one else get back onto them. You say that there is only lift in one position ,turn pulley to where no lift and see if there is sideways movement.If so when you strip engine down again get the crankshaft checked for aligment. I had to rebuild an engine for someone who had similar problems to yours because person who built engine did not realise that case had been line bored. I also had to fit a new crankshaft as after a few hundred miles the crank was bent, hope yours is OK
Robert