I've had at least one 88 rack that had excessive play "on center".
You can try tightening up the adjustment on the plug, but I think you'll discover that it binds when you turn. (At least mine did.)
I believe it's because the rack is worn in the center. I don't know if it wears where the teeth mesh, or where the back of the rack slides in the housing.
If it wears on the back, it occurs to me that the ends may be able to be machined down to match the wear in the center.
(I've never had a rack apart beyond removing the plug, so if I'm wrong, don't be surprised.)
I ended up replacing my rack.
FWIW, I've heard that many "rebuilt" racks will still have the excessive play.
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Raydar
88 Formula IMSA Fastback. 4.9, NVG T550 Praise the Lowered![This message has been edited by Raydar (edited 03-09-2012).]