Everybody talks about making the bed level. The bed does not have to be level. What you are trying to get rid of is twist. Twist is different from level. The bed can be slanted front to back or end to end. The slant just has to be the same at each end of the bed. I think that Joe Pi has a video on this.
To tram your RF 31 make marks on the table centered on the quill that duplicates the column bolt pattern. Take a reading with your DI at each mark. Set the DI to zero at the biggest reading. Then measure each mark again. You will now know how much you need to shim each bolt to tram your mill/drill.
There are all kinds of contraptions that people spend hours making to bring the head of a round column mill/drill back into alignment if you have to move the head to change tooling. You can achieve the same result with DI. This is my set up
View attachment 371077
Put the magnetic base on the table so that the rod touches the quill. Set the DI to zero. Move the head to change the tooling. Now bring the head back till the quill touches the rod and the DI reads zero.
With careful planning you shouldn't have to move the head to change tooling. I call this the longest tool method. I got this from a video by the Lazy Machinist. Figure out the tooling you will need for a project. Then set the height of the head so that you can change tooling without moving the head. Where I think that people get into problems with changing tooling is that they want to switch between different types of tool holders. Typically switching between a drill chuck to hold drills and collets to hold end mills. Drill chucks take up a lot more space than collets. I only use ER32 collets on my mill/drill. Since switching to only using collets and using the longest tool method I have not had to move the head to change tooling.
Forget about using inserts. Your lathe was designed to be used with HSS tool bits. Read MIkey's thread on grinding tool bits. Use a belt sander to grind the tools bits. Way easier than fooling around with a bench grinder. Unlike inserts which have to be replaced often HSS tool bits last forever.