As I consider there will be some reading this thread that setting up a lathe to turn parallel is rather a grey area, because of this I feel a little more detail on the subject may be helpful.
For issue 10 of MEW I made a College Engineering Supply precision level using their most sensitive vial. To put an easily understood value to its sensitivity, it is 200mm long and if raised by 0.05mm at one end the bubble moves by about 2.5mm. This would equate to 0.025mm across the width of my Myford and as much smaller movements of the bubble could easily be detected, say 0.5mm, accuracy within 0.005mm should be possible. In the case of my Starrett general purpose level of the same length the bubble hardly moved if the end was raised by 0.2mm.
From this it can be seen that their sensitivities are vastly different. However, there is also another important difference. With the general purpose level there are just two lines between which the bubble sits if the object is level, with the precision level there are five pairs of lines and these are at about 2mm spacing making it easy to note the values being tested, 1 space, 2 spaces, 1/2 a space , etc.
If therefore the lathe owner has such a level, and the lathe has jacking screws, using it to set the lathe level would be quick before moving to the essential stage of turning a test piece and making further adjustments until it turns parallel within acceptable limits.
If the lathe has though to use shims then the process would be very much slower and testing to check that both ends read the same, rather than level, would be sufficient as the bed would be equally straight/flat?. This is acceptable as it is not essential for the lathe bed to be level. From there it will again be a case of turning a test piece making further adjustments as this demands.
If though a workshop owner has purchased his, or hers, first lathe, be it a second hand Myford, or similar, or a budget new one, than having spent say £1000 it would be foolish to spend another £100 on a precision level for what is likely to be a very occasional use. Those advising such workshop owners should not therefore, as I have witnessed, encourage them to go the precision level route, but to turn a test piece and adjust the mounting accordingly.
Using a general purpose level could be used to set the lathe nominally level but will achieve nothing in terms of setting the lathe to turn parallel as the above regarding their sensitivity shows.
Richard, is there any chance that someone in the past has foolishly placed shims that you haven't spotted at the front of the headstock for some reason.
Harold