As the flu-ridden OP here, I'll first say in my self-defense that no, the previously turned work I put in the 3-j chuck was practically twirling around, even after very slow and careful placement in the chuck; the error was indeed as large as quoted above, no zeroes missing. Second, the chuck itself, measured as close to the spindle as possible, does appear to be fine, within .001. So I put the jaws in to soak out the detritus of the ages and a very significant quantity of crap emerged. I have not yet dismantled the rest of the chuck for cleaning, but now armed with Mikey's outstanding document, will quite soon.
I find the discussion about the Logan spindle, both here and in Winkey's videos, very interesting. I know him from the Logan.io board, he's a very smart and creative guy who has been a great source of confidence-building info for me since we're both Logan 820 owners. I haven't sufficiently deep knowledge and experience to evaluate the accuracy of his comments, and he does say "in my opinion" with each of his statements, but I do hear quite clearly what you all are saying. I probably mis-spoke to begin with: my 820 runs smoother and vibrates quite a bit less with the 5" chuck at high speed than it did with the 6", and I'm valuing the added real estate around the front corner of the headstock for mounting an indicator for carriage movement. Real estate is very scarce on the Logan, since the top of the cross-slide is sloped.
Also, I've just purchased one of the Beall ER32 collet chucks, since the vast majority of my uses of the lathe will be small work. It is dead on, even with the additional length, as noted above.
Thanks for the great discussion; I've learned a lot. As usual around here, the discussion has been far more valuable than a direct answer to the original question would have been.
Tim