Rear Axle

[Val]

The first way  :thumbup

SWEET, thank you :-)  It was correct in first place but glad I checked.

Negative Pic 3 is the right way according to the service manual, so it was not correct in the first place hence the bend washer, the flat part of the spacer is outside and that way when you tighten the outside wall of the swingarm has more support, the inside bit is actually facing the internal spacer which has smaller surface anyway so no point to have bigger surface there IMO