yep. Looks fine play like that is normal. Just look closely where the tips of the compressor wheel come next to the housing and make sure there are no witness marks from them contacting the housing. If there are, you want it rebuilt with new bearings.
Bear in mind, that K04-015 is really quite small, its essentially the same as a K03S that the Golf/A3 folks get, its much smaller than the K04 on the S3. Probably good for 230-240hp.