where are you measuring the wear? The only bits that matter for the main bearings are the bit closest to the chuck end and the bit on the smallest diameter that's shiny. The bit in the middle is where the pulley rotates when the back gears are in use. Did you measure because you're having problems with the lathe, like chatter or excessive part deflection? If not, I would clean it, oil it, stick it back together and not worry about it.
I know of several worn areas on my lathe - there's not much point trying to fix them, so I just work around them.