Zulch, it's probably a factory screw. It'll need to come out so you can unscrew the arbor so you can tighten it up. If it were a "modern" fix it'd probably be an Allen set screw. Personally, I like pins you can drill out. Hardened set screws seem like a good idea till somebody messes up the Allen wrench fit!
- Since it's already there, go ahead and use it (unless you can't get it out!).
- Remove the arbor
- Upset the shoulder in 3 or 4 places (doesn't take much)
-Really torque it back in place
- install barrel and wedge
- then install set screw with maybe some blue locktite. (None on the arbor)
Mike