Decided to go whole hog - I had 0.0005 runout before I took the quill apart to clean it so maybe should have left well enough alone but found a ton (TON!) of soft grease inside the quill and of course the bearings, especially the lower one, acted like I flushed trash into them.
I have a bearing kit on the way.
If the only lube getting into these bearings is supposed to be spindle oil, how come there's grease in here?
I found a bit of corrosion on some of the components inside the quill. It's obvious to me that some DPO has cleaned this machine with a power washer.
Top of spindle is mushroomed over so I'll take a grinding wheel and straighten that out so it'll go back up into the drive housing easily when the time comes.