Hi Ross
Welcome Aboard
You turned a nice taper!
There are many possible causes, If the lathe is in good condition and you used the tail stock with a centre located in a centre hole drilled in the end of the bar to turn the piece then I suspect the tail stock is the problem…. it may be off centre. You may need to adjust it, and do test turnings on scrap until it is right.
When I get a problem I cannot fix I find that Google using a simple English like sentence will normally provide a quick answer. I tried the sentence below and found a number of articles dealing with your problem.
Google the following
lathe will not turn parallel
I am intrigued what does "420 or 440 rpm (red setting)" mean?
Normally speed is calculated by various tables. The material to be turned, the cutting tool type, the stiffness of the machine, the stiffness of the work piece, and with or without coolant, among others all affect the result.
And even after consulting the tables you may have to adjust the speed and feed for your particular situation, It is part science part art.
Google the following
Lathe speeds and feeds turning
Cheers
John