Spacers is to:
1. Make the bearings parallel
2. Make the inner rings connect and not spin
Why?
Most skaters dont use it, and have some sideways play on the wheels. As the wheels wont turn if they tighten them all the way down. This mean a notsogood load on the bearings.
Makes sens, right?
So if you use everything as intended, and tighten the wheel all the way, it will still spin, have less bad load, and will last longer. But as discussed before, wheels do not have low enough tolerances. Therefore it might not function as good as it should.