Mike what sort of tool are you using?
I use only a well honed HSS tool for machining test pieces after checking or resetting alignments. The type of tool and depth of cut are going to greatly influence the results. I limit the depth of cut to 0.05 mm or 0.002", this standardises the machining conditions.
I do think you are asking a lot of the Myford as regards the unsupported length, which I take to be 100 mm or 4". As you say you have 1" in the collet. On my Emco Maximat Super 11 which has a taper roller bearing headstock I only ever use a 75 mm protrusion of the test piece beyond the jaws of the chuck.
Personally I would start with the test bar in a spotless mandrel socket and run a clock along where a tool would normally pass and over the top. The latter test will tell you if the spindle is dipping or pointing skywards. The first test tells you whether the spindle is pointing down the bed centreline.
Provided you have not disturbed the headstock casting during your overhaul?
Then if the clock in the tool position is reading higher or lower towards the tailstock end then the bed is out of alignment.
To set this I either use an Engineers Level or a piece of 25 mm diameter silver steel kept specifically for the purpose. Grip one end in the 4 jawed chuck using protection pieces and clock to run true. Check the outer end and any high spot should be put at the top.
Return the clock to the tool position on the Silver Steel and clock from headstock to the tailstock end and adjust the bed feet until you get the same reading.
Remove this set-up and return to your test piece. It should not be that far out and minor adjustments to the bed feet at the tailstock end should put it right. Two collars on the test piece save a lot of time machining and preserve a HSS cutting edge.
Spot on concentric centres in the piece of Silver steel make setting the tailstock a doddle.
Regards
Gray,