@ john,
Many thanks for your comments. These are valuable.
Regarding my bearings.
These *are* phosphor bronze bearings working with hardened spindle. They were not scraped in, however I have bought them new as a set in old Myford works , in Beeston nearly Nottingham in 2004.
Peoples there have advised me that they have made certain rectification of manufacturing process and as per their belief it is unlikely that I would need to do hand scraping before bearing adjustment due to wear is needed.
Lathe had some rather light use but recently, during last year or two it is used more (interest in precision mechanics grows with age and it seems to be inversely proportionate to interest in women 😀 ).
Bearing surface was inspected occasionally at the time of belt change and pulley slipping trouble and nice shiny contact areas have developed, may be not as nice as those in properly scraped bearings but still reassuringly large.
There *is* some resistance of a spindle when I attempt to hand turn it by pulling a chuck. After a moment system gives in and begin to turn. No "double cuts", unless initial one was rather heavy or even more so if heavy and done with slender boring bar.
Bedways and saddle scraped by professional fitter to bring machine to its former glory.
Btw, this 7/32" Allen spanner to undo head bolts already ordered and guess, it will come with 3/8" square socket. One with 1/2" square socket would be too clumsy.
Regarding horizontal and vertical misallinement.
It seems that first is the one to look for and second must be catastrophic to matter, unless very small diameters are turned.
For 1 inch diameter horizontal misallinement of 10 thou per foot would give 20 thou total taper over said foot of distance.
With vertical misallignement of the same magnitude on 1 inch bar error would be 2 x 0.0000999 of thou (say two tenths of thou of total taper over foot).
On 0,1 " diameter error would grow to 2 x 0.99 thou, say 2 thou per foot total taper, still acceptable. Based on those it seems that in normal work undertaken by model engineer vertical misallignement matters little, but those attempting to turn a hair a bit could really fret aboit it – they could end up turning nothing at all.
Martin
Edited By Martin Dowing on 04/12/2016 20:32:55