Permanent visual indicator and diametrical to axial relation gage and method of using same

A system for mounting an element to a shaft, the element having a tapered inside diameter, the system comprising:

• an internal flange axially secured to the element, the internal flange having at least one displacement pin extending outward by a pin dimension;
• an external flange coupled the internal flange via at least one fastener, the at least one fastener passing through at least one elongated hole formed in the external flange, the external flange having at least one opening configured to receive the at least one displacement pin, the external flange being rotatable when coupled to the internal flange with the at least one fastener through the at least one external flange elongated hole between a first position where the at least one external flange opening is not aligned with the at least one displacement pin and a second position where the at least one external flange opening is aligned with the at least one displacement pin;
• and
• a sleeve having a tapered outside diameter, the sleeve being adapted to be coupled with the external flange, the sleeve configured to be disposed between the element and the shaft.