Okay, thanks for the help, you all have very valid points. I often trip over a dollar to pick up a penny, but this is my hobby, and I enjoy this kind of thing, as I'm sure, some here know what i mean, I could absolutely go out and buy a new spindle or even a perfectly functioning machine, but my mind just refuses to let me do those things, I get a sense of accomplishment when my cobbled together project or idea turns out well. Also, restoring something that you are using to learn is a great way to learn something. In my mind. Except when something like a tweaked spindle makes you chase your tail for days.
However I don't believe my spindle is "bent" in the general sense, but must be warped from boring due to possible internal stresses? all I know is that it was not right. Nothing added up correctly and learning that it had been bored made me think this. I'll grab one off eBay and see how it goes, maybe play around with the current spindle while it's on its way.
One more thing, are the 10 and 12" spindles the same part? And are they same for Babbitt and timken models? I'd assume this would not be ideal due to possible wear on the bearing journals