Sounds like a backlash or something in loose problem when your bit backs away. With the machine shut off, put a mag base on the saddle and rest the dial indicator on the cross-slide and push and pull the tool post with about 25 - 50 pounds of pressure and see if there is any movement, then track the movement down if needed by moving the mag base to the cross-slide and indicate the compound, then over to the taper attachment. More then 001" is to much, you need to have some room in the ways to hold a thin lubricating oil film. Remember you can bend things with to much pressure. Push on the post and release and zero the dial, then pull it and release and see how much "lost motion" you have. When you apply pressure you and don't release you will be bending or stretching things bit and will get a "false reading".