First a wee(big) caveat, I don't have your lathe and don't know it
An eighth or even a quarter of a turn is normal on a hobby lathe, anything more is an excessive problem which should be attended to immediately
It sounds like your nut is actually moving inside the cross slide, fix this immediately by whatever means necessary, make it a priority job 1
Eliminating backlash completely isn't worth the hassle, the best and simplest solution is to fit a digital DRO to your cross slide
Try and make or get a spare nut asap, before your current one fails
If it does fail you can use delrin or aluminium to make a quick simple emergency nut which will last at least a few weeks
GL
It was 2 years before I put a digital DRO on my cross slide
with hindsight I should have done it on day 1
Edited By Ady1 on 14/09/2013 10:10:21