I think that I have two separate issues going on here:
1) odd noise from poly bush
2) I have just parked up with the wheels on full lock and then gave the drivers-side wheel/tyre a really good tug / rock and got the car into a bit of a rocking cycle and the feeling back through the wheel was that the wheel / hub was loose, however the wheel itself it certainly tight as I have just put it back on and re-checked the bolts! Possible it is part of the steering joints that have / are giving up (shown up with the car now being lowered??)?
If I understand your post correctly, and your
holding the wheel in 3/9 o'clock position???
And while jacked???
Then that's normal play in the steering box. With engine running, and steering straight that play should disappear as the hydraulics take up the slack. The further away from straight ahead, the worse that play gets.
Does that follow what you where testing...?
Where the pollys greased?