I know you are not making NASA parts, but the problem with making a live center is runout. These are usually very precise and ground. If you have any runout, the tailstock end of the part will not be round. Just keep this in mind if you are turning a shaft that needs to fit in a bushing or such. You may prefer to use a dead center if the runout exceeds your tolerance. Dead centers should have zero runout.
I have a Shars live center which seems to have about .0004" of runout. I am considering upgrading so I can more accurately turn shafts. The high end live centers must be made of platinum if you look at the prices!
Hey, is there a way you can measure the TIR for us just for academic interest?
I looked up the runout on a Royal and it is guaranteed to be less than .00005". List price is about $1K.
Yeah I get it. Its not for cutting tho. I made it in brass for sanding bbl journals to size for press fit pieces.