Hi Steve,
My problem is my lathe is quite well balanced…
I just tried this. with a string you could pluck it and see a nice sine wave on the scope… but no vibration got through
With a cheap speaker held to the headstock by its magnet and a 4 oz bit of cast iron on top of the cone, to create a sort of inertial detector, with the probe on X1 I could just get a signal of about 10mV. I then put an out of balance lump in the chuck and wound up to about 250 rpm. With the lathe vibrating significantly, the signal only doubled to about 20mV, but was much clearer and less noisy.
I found the best place for the 'inertia sensor' (lump of CI) was partly balanced on the rim of the speaker and the other end touching the cone, so it didn't just force the cone to one end of its travel. A weight glued to the centre of the cone and the speaker held horizontal might work better.
Obviously the frequency is pretty low, with the lathe running at about 600 rpm, the signal is only at 10 Hz. Make sure the scope is set for DC!
Have a play and see what you get.
Neil