I can dial in any of my lathe 3 jaw chucks to within .0005". Here's how I do it. I'm might catch flack for saying it, but don't knock it till you tried it!
I Chuck up the work piece and tighten all three scroll screws tight as if to hold the part for cutting. Now take a dial indicator and put it to the work piece and spin it by hand noting the run out. Now, take a brass hammer and wack the jaw that is farthest out. That's it. You might have to do it a couple of times to get it right. Works every time. This won't work if your jaw surfaces are out. I do it all the time when flipping a part around to get the concentricity as close as possible.
My speculation as to why this works, the scroll has some play in it, Particularly on older chucks. Giving it a good tap seems to move it just enough to get it right. Ironically, it doesn't move when working the part, and I usually push my speeds and feeds.
Marcel