Danreb, Ulma...
Thanks for the kind words. And BTW, this isn't work, it's pleasure. If we didn't enjoy this kind of stuff, we wouldn't do it.
If you decide to do this, it's a little tricky to set the adjustment bolts for dead-on precision. I worked-up a procedure of slighlty loosening the hold-down bolts and then cranking-in on the adjustment screws. So basically, you make adjustments by working the hold-down bolts and adjustment screws against each other.
In this particular case, making changes by adjusting the 3-point system was much more effective than changing the leveling jacks on the bench legs. When doing the adjustments by changing the leg levelers, it threw-off the stability of the overall bench. Also complicating matters is that my garage floor is sharply sloped by the sides. In all liklihood, which method is better probably depends on your lathe and the style of bench.
The other night, Richard King and I corresponded and he was genuinely happy that things worked out. He's been doing various forms of 3-point leveling and two-collar testing for a good while. I really wished I listened to him and read his posts more carefully in the first place. It would have saved me some troubles along the way but this was one of those things I just had to see with my own eyes.
If I had to do this all over, I would have skipped all the screwing around with trying to make it horizontally level (and yes, I did waste time and try) and go right to some form of 3-point. I think my setup can be simplified. Probably only need elevation/delclination at the TS and Front-To-Back leveling under the head end. Water under the bridge now...
Ray