Hi Pailo,
Go for it, it is no use as it is. Using various grades of wet&dry paper on plate glass is a safer bet than machining it, but do do it in a figure of eight motion and swap end for end often.
The one feature that might not remain accurate is the V in the bottom, but I don’t suppose you will be setting up line shafting too often, so don’t worry about it.
If you have three engineers jacks, you can use them to set a piece of plate glass, or similar, to be perfectly level, as other have said, and then readjust your level. When you do this you will find out how precise your level is. I put a new bubble in my 12″, make your own jokes up and keep them to yourselves, and found that atmospheric dust fall upset the recalibration.
chriStephens