I'm not sure what brand machine you have, but for most older American machines there isn't a spec as to how tight the bearings should be. Rule of thumb from John Knox (former Sheldon engineer) was to mark the current position of the fastening nut. Tighten it approx. 10* and run the machine for 15 minutes. Feel the bearing housing. It should be warm to the touch, but not hot. If the temperature hasn't risen from the ambient tighten another 10* and repeat the run time.
The bearings and housing on my machine are a bit difficult to get to, so rather than rely on my sense of touch I use an infrared thermometer. They are available from almost any big box home improvement store. Home Depot has a couple dozen models ranging in price from around $25.00 to over $200.00. Even Harbor freight has a couple from $15.00 to about $45.00.