What Tom says. It is difficult to convey "touch" gained by experience through the written word. Like he said, the shaft should turn without too much resistance but not spin freely. I hold the shaft between thumb and forefinger for a better feel. Be aware that if the weight of the shaft is on the bearing when you test it, you will not get a good feel. I use a short dummy shaft to avoid this and one the preload is adjusted properly, the pinion bearing "pack" is put into the housing, dummy shaft removed and the proper shaft installed. (Well, that's how I do it.) With no shaft in the bearing pack and a finger poked into the tapered hole, you should still be able the turn the bearing but feel some drag.
Hope this conveys at least in part, the "feel".