This is the post by spearchucker (Rod Hendrickson) from the link mickri provided.
''Its far more accurate to chamber between centers and that is the way it is usually taught in schools. The steady rest is normally run on the thread extension. The threads are cut on centers so it will run true. Also the brass posts on the steady rest will not harm the steel threads. If you use a steady rest with bearings instead of brass cushions make certain that you put a piece of paper between each bearing and the threads when you set it up to give three thousandths clearance so the metal bearings do not harm the barrel threads. I put a .006 thickness of paper between the steady rest posts and the barrel when I set up a steady rest with brass posts as well. In this way the reamer becomes the rear center. The barrel does not even touch the steady rest posts while the reamer is cutting. (the paper is removed before cutting) The steady rest is really just there to support the barrel when the reamer is removed. Step on the Murphy switch and stop the machine before pulling out the reamer. Insert the reamer just .010 short of cutting before re-starting the machine. Failure to do this can leave a light drag mark on the chamber when you pull out the reamer. This drag mark, if you make it is nothing and can be burnished away with steel wool or 320 wet and dry and kerosene. Some reamers will sing or cry when not supported by the steady rest. Don't confuse this with chatter its simply a slight high pitched vibration that builds up in the barrel during cutting and I have never found it to be harmful. I generally squirt a bit of oil on the barrel and grasp it fairly tightly with my left hand while cutting and that chokes the singing abruptly. I find it annoying like a yowley cat going at it in the back yard when your trying to sleep.''
''Its far more accurate to chamber between centers and that is the way it is usually taught in schools. The steady rest is normally run on the thread extension. The threads are cut on centers so it will run true. Also the brass posts on the steady rest will not harm the steel threads. If you use a steady rest with bearings instead of brass cushions make certain that you put a piece of paper between each bearing and the threads when you set it up to give three thousandths clearance so the metal bearings do not harm the barrel threads. I put a .006 thickness of paper between the steady rest posts and the barrel when I set up a steady rest with brass posts as well. In this way the reamer becomes the rear center. The barrel does not even touch the steady rest posts while the reamer is cutting. (the paper is removed before cutting) The steady rest is really just there to support the barrel when the reamer is removed. Step on the Murphy switch and stop the machine before pulling out the reamer. Insert the reamer just .010 short of cutting before re-starting the machine. Failure to do this can leave a light drag mark on the chamber when you pull out the reamer. This drag mark, if you make it is nothing and can be burnished away with steel wool or 320 wet and dry and kerosene. Some reamers will sing or cry when not supported by the steady rest. Don't confuse this with chatter its simply a slight high pitched vibration that builds up in the barrel during cutting and I have never found it to be harmful. I generally squirt a bit of oil on the barrel and grasp it fairly tightly with my left hand while cutting and that chokes the singing abruptly. I find it annoying like a yowley cat going at it in the back yard when your trying to sleep.''