The first thing to do is remove the set screws on the handwheel. There are two and they are set at a right angle to each other. Trust me, there is a screw in there. It is not necessary to remove the screw completely, though I did. That handwheel was STUCK on the shaft and I wasn't sure if the screws had been released completely. Once I had them in my hand I knew that they weren't binding the handwheel. Something else was.
You can see where the set screw was positioned by the mark it left on the shaft.
I don't know why it whines, but I will have to live with it. There is noting wrong with the machine and I certainly can much in some ear plugs. Maybe as time goes on I will get more skilled and can run the machine faster and the noise will change and be less bothersome.
I did happen to hear the same noise on one of Ann Olsen's videos. So I guess it's the nature of the beast.