Amazing replies you all!
So I get the gist of it and basically it boils down to this:
- machines have to be straight, plumb and square
- avoid twist in a lathe bed
- level is just a reference, albeit a convenient one!
- they don't bother on boats so I don't have to be anal about this in my concrete basement!
- machines have to be well stanced on the floor, with no wobbles, undue vibrations and such...
I watched a few youtube VDO on the subject and found TubalCain and this one from Dale at "metal tips and tricks" (interesting site for newbee like me)
And he does the levelling with a plumb bob. Neat! That's how Egyptian and Mayan pyramid were built!
In my case, I will set the machines nice and swell because I like it, and then move on to other subject matter. I also intend to keep an eye on the lathe for the first year or so to check that the lathe is not developping any twist, and that will be the end of this subject.
Sincerely, Luc