If you are talking about the fit of the chuck to the back plate of the zero-set registration these will fit loosely with about 0.005" clearance to allow the zero-set screws to have enough adjustment to true up the chuck. In addition, some people leave 1-2 thousandth clearance between the registration step and the chuck body in non-zero-set (Set-Tru) chucks to allow one to tap the chuck into final alignment before tightening the mounting bolts. As mentioned, I mount the backplate to the lathe and check it for any runout. With inexpensive backplates I typically need to take both a skim and a registration cut, I would use either sharp HSS or ground edge insert to get a clean cut.
The Gator backplates run around $160 for their 8" (Ajax Industries), but are very well finished. Shar's and Grizzly Tools sell them for less but sometimes get you in the shipping rates.