I noticed last night that the tailstock chuck on my Homier 7x12 did not center with the main three jaw chuck. I sat up a dial indicator and with a dowel pin in the main chuck and one in the mounted tailstock chuck (with the tailstock extended about one inch and lock down) the pine in the tailstock in about .005" higher that the one in the main chuck. I removed the main chuck to make sure everything was clean and reassembled to find the same problem. If I rotate that chuck the pin will move up and down less than .001" If I remove the chuck and the taper it is mounted on and turn and remount there seemed to be about .004" from top to bottom. If I open the chuck and rotate the pin and tighten the chuck back there is less than .001". Also if I extend and retract the tailstock there is less than .001" from end the jaws.
What else do I need to measure? Can this be adjusted?
Thank you for the help.