Hi Tozguy. The runout is on a testbar clamped in the jaws. As far as I can remember, and I am saying this under correction,the nose and face was good,I'll have to check. I am kind of also asking this question, because I think there is some others that thought about it. I just need to clarify that I think my experience level is not that bad,since I have been at this this since 1996 and been doing this full time from home since 2011. And please Tozguy I am not saying this in any aggressive way or to agitate you or in any kind of bad manner, I am simply stating a fact. I hope you understand my meaning. That being said,lets say your spindle bearing is perfect, spindle face is good,but the taper is the problem, can it be said that grinding the nose could be the next step? I must just add that when I did the backplate,I paid extra attention to try and make the taper and face surfaces to make contact when the chuck is fastened. Keep in mind when I did this,I did it to the best of my common sense(wich can be dodgy ).Michael,
Just to understand your question, are you saying that your DIY backplate has .003'' of runout or the spindle nose has that much runout?
If the spindle nose and index surfaces are true I would certainly not touch them. If there is runout on the spindle from wear and you are fitting a new backplate I would look for another way to zero the chuck than grinding the spindle.
A spindle grind is an extreme last resort and when justified is very risky for an inexperienced person to do.
So I vote NO-NO until further notice.