I don't know if you can see it without removing it. Its a small plastic cup inside the outer sheetmetal tube. It has a taper and there is a split metal ring that is supposed to, as near as I can tell, tighten up on the shaft like a tapered bearing under the spring pressure.
If you have a buddy grab the intermediate shaft, or better yet the spring, up by the column and try to shake it while you are at the wheel you should feel it. I knew right away it was the same light clunk. Feels likes its at your feet, wait in the wheel, no wait at your feet, no wait... you get the idea. Mine would do it mostly when turning.
It wasn't bad to remove the column just pay attention to the Air bag section of the manual. If you can fab a round block with a hole the size of the shaft you can fix it very quickly. Also, center your wheel and secure it so you don't loose position on the clockspring inside the column.