I checked mine yesterday between centers. Dead straight but the MT3 showed almost .0007" TIR. <1/2 that on the small end.
Maybe I did a better job indicating without putting it between centers than I thought. For the money, those things are surprisingly well made (even at 0.0007" TIR in the taper).
After removing and reinserting the test bar into my spindle several times now, I average about 0.0002" TIR at the headstock end of the cylinder, and anywhere between 0.003" to 0.005" TIR at the tailstock end. Not sure if it's the pitted and scored spindle taper or the test bar that's kicking the bar out of line most, but either way I'm doing my best to ignore that small amount of error.
Rotating to the halfway points with the indicator on vertical or horizontal, it's dead on along the entire length of the test bar, which is all I care about (proves the headstock and spindle axis are aligned to the bed ways).
It's all angels dancing on the head of a pin for the type of work I do, anyway. Only once every few blue moons do I insert any morse taper tooling into the spindle. For super accurate work, I turn between centers: I stick a center into the spindle and re-cut an accurate taper at the headstock, then adjust the tailstock set-over until I'm not cutting any taper in the part at all. I can't think of a single operation where a slight concentricity error in the taper will cause any issues.
Screw-on chucks register on the outer face, and don't even touch the taper. I don't count on scroll-chuck accuracy below a thou or two, and independent-jaw chucks need to be adjusted to center a part regardless.
I'm satisfied that the headstock, outer bed ways, and saddle are all aligned as well as I'm able.
The inner ways and tailstock aren't quite as perfect (yet
. For the record, trying to "tip in" to minimize scraping on one of the faces of the inner inverted vees was a mistake: I should have just scraped "straight down" I think.
It's not out all that much, and I just finished epoxying the phenolic between the two halves of the tailstock. I've got quite a bit of material to remove there, so there is no point doing any more scraping/alignment until I get it closer to the same vertical plane as the spindle axis. It scrapes like butter, though, much easier to scrape accurately than I expected.
I've started cleaning and painting parts (don't expect much, I'm
NOT trying for a flawless museum piece, just a working tool protected from rust). I'll post more pictures soon of the final alignment and scraping (I didn't take any photos of epoxying the phenolic in place, but the process is pretty straightforward).
More soon. I see the light (of the on-rushing train) at the end of the tunnel.