There shouldn't be any need to loctite the front bearing in. It's not something I would do even though it's unlikely to need taking out again.
The bearings aren't easy to set up and wear can make it even more tricky. More of that later.
It sounds me like you haven't got the rear bearings sufficiently pressed together to actually locate the spindle. It's been a long time and I could do with a drg of the headstock in front of me however think about it this way.
The rear most ring nut locates the spindle under cutting pressure. Unscrewing it move the cone further into the front bearing. Tightening it the opposite, it moves it out.
The next ring nut sets the pre load on the rear bearing pair. Tightening increases it etc. There must be some preload.
People seem to have a lot less trouble adjusting once they look at it this way rather than the usual description as many people are aware of which way to turn things to move screws in and out.
The front cone is not intended to take end loads only side loads so it needs to be sat to maintain a minimal space for an oil film. The end loads are taken by the rear bearings. If the front cone moves further in under load it's effectively forming a wedge so the oil film doesn't stand a chance of standing up to the load.
This gives some idea of how finely the rear bearings need to be adjusted. Fractions of a thou can make a difference. In fact for ultimate performance the lathe needs to be set up according to the temperature of the headstock and spindle and it needs to be run for some time to allow friction to warm it up.
I wont bore you with how I know that but there is always some friction in bearings and on lathes when they are adjusted correctly they will warm up.
If the rear bearings are set up correctly the main problem with the front bearing may show up. Cutting and belt tension loads will tend to make it wear oval. This is why on just about all lathes belts shouldn't be any tighter than they need to be. Some people might over tighten to try and pull the front bearing into the oval. More common on ML7's with plain bearings.
Without a lot of practice people are likely to need a number of goes at setting it up over a period of time to get it right. From what I can gather a good compromise limits an S7 to a max single drill size of 1/2" in mild steel. That's from people who use them. A plain bearing ML7 can do a bit bigger. It suggests that they still have some movement in the rear bearing though and I never got as far as fully sorting this out on mine as my Boxford cropped up. The next owner didn't finish of the rest of the refurb work otherwise I would have had a go at setting them up for him.
The only way I have found of sorting preload out is to feel for heat under the bearings inside the spindle. After about 15mins running on a boxford they get very very warm but not what I would call hot. I also found that each time I drilled a larger hole they loosened off a bit, probably because they use grease which is hard to displace. It settled down after several adjustments. Trouble is I now know that the front bearing is slightly oval so it's going to get changed. The same cut takes a minuscule cut if it's run down the work again and it's not due to the bar bending.
John
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