Many years ago when I was an apprentice, the boss thought that an evaluation of our machines was overdue. The lead apprentice then got hold of a lump of 4" X 2" wood and lifted the mounted chuck of our Southbend lathe by about .01", so not much wear then!. Anyway the boss then wrote a note saying that the lathe was required to be replaced, to the managing director. This chap came down to our workshop in his suit, took his jacket off and proceeded to a, grind up a lathe tool and b, surface a bit of 2" bar. The results were an eye opener, fantastic finish and only tenths of taper. Needless to say, we did not get our new lathe!
There are many factors that govern the final finish on a turned surface and unless the bearings are actually running rough, I would think that the wear in the bearings rank low down in the list of possible causes.
Frank