It depends what you mean by 'play'. Most turbo's use journal bearings which are designed to have a fair bit of gobble in them, this space is taken up by pressurised oil so that the whole system floats. About 1mm radial clearance is perfectly acceptable, and it has to be double that before it effects the turbos operation much. Axial clearence should be considerably less, you shouldnt be able to detect much of that.