No three-jaw chuck is dead accurate. The act of removing the work and replacing it means that it will be impossible to accurately (to precision limits that is) replace the work.
The chuck itself is made to tolerances, and whilst a Pratt-Burnard may well be one of the better chucks, it will still be subject to these tolerances. This means that although you may turn a work piece, thepart you have turned will not be concentric with the part within the jaws hence it will be, as you have found out, almost impossible to get it back in the "sweet" spot.
Furthermore, the act of slackening and retightening will change the forces within the chuck, hence the amount of flex in the chuck and the work will be different.
My suggestion is to not remove the work until you have finished turning.
FWIW, using a four-jaw independant chuck with an indicator of some description although superficially more messy to use, will eventually become second nature to use and it will then become easier to replace work reasonably accurately.
If, as Roy says, the jaws are correctly located, then there is no need to replace the chuck, simply accept it's limitations.
regards,
Peter G. Shaw