i don't know about any ford, but my hudson has thrust ball bearings on the top of the kingpins to somewhat carry the load of rotation.
Someone put it together wrong. The axle sits on the spindle, the bearing should go in between the bottom of the axle and the bottom of the spindle.
Depends on the spindle/spindle support design. If the spindle support ("axle") sits in the middle and the spindle bosses are above and below, then the thrust bearing would be on the bottom. On the other hand, some spindle supports have the bushed king pin bosses above and below and the spindle sets in the middle. In that case, the thrust bearing would be on top. Ray