Try the simple stuff first!
I'm not a huge fan of the RDM because it strikes me as trying to correct one problem by introducing another. That might not be true for lightweight lathe that flex a lot when installed, but on a reasonably rigid lathe, I think you're better off to actually make sure that the headstock is properly aligned, and then move on to check the tailstock.
Harold Hall outlines a method for doing this in his book _Lathe Work, A Complete Course_. You chuck up a piece of heavy bar stock without tail support, no more than 4-5 diameter stick out, turn a cylinder, and then measure it for taper. If it's too far out, you then start adjusting the headstock to get rid of the taper. when the taper is gone, you can finish up the base and then part it off and have a nice little cylindrical square for your trouble.
Moving on to the tailstock, then you're talking about turning a bar between centers, again looking for taper. You can either use the two collar method or a sufficiently heavy bar that flexing is not an issue. I think I worked out that I would need a 2.5" diameter bar or thereabouts to avoid flexing in my machine. if you get a barrel shape when you measure the bar, then it's flexing in the middle and you need to make lighter cuts, or go to the two collar method.
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