Dont use liquid engineer's blue to test a morse taper. It is a thick, gloopy (to use the technical term) liquid so it flows all over the place under pressure and gives all kinds of false readings.
The traditional method was to draw longitudinal pencil lines along the male taper all round it. In today's modern hi tech world we use felt pen. Then insert into socket and give it a slight turn back and forth, a quarter or eighth of turn or so. Then look where the pen lines have been removed. Those are the high spots.
If you put grinding paste in there and rotate etc, it will remove as much metal from the male taper as it does from the female. So those two particular tapers will end up matching each other nicely. Then your next, pristine male taper will not fit so well because it has not had the same spots ground down by paste.
So best to use a reamer, but judiciously, and return the taper to a standard format. Myford tailstock is not hardened.
You'll find a lot of this ancient craft knowledge in the old books by the likes of LH Sparey but not so much on the internet. There is so much noise there its often hard to find the signal.
That said, if your taper holds firm enough to drill holes without the chuck taper slipping, you are probably best to leave well alone. Note the taper will need firmly seating either by slamming it home or a light tap with brass hammer. That is normal.
Edited By Hopper on 05/11/2020 00:45:22