I used to level up my lathe without a level,the same way lathes on ships must be leveled. First,make certain your tailstock is exactly in line w/the headstock. Put a sharp,new center in each,and bring the tailstock right up to the headstock center. Look straight down with a loupe to see that the points are exactly in line. You can get them very close this way. Adjust the tailstock sideways till perfect. Then,and only then,you can take a long bar held between centers,and adjust the twist of the bed till the bar is turned the same diameter with light test cuts at both ends. This is a shortened version of what you can read about in "The Amateur's workshop" by Ian Fleming. Buy the book. It is a valuable resource.