The main reason for levelling is to provide a known reference against which structures can be designed to transfer forces to ground without twisting, toppling, or otherwise stressing the construction.
For example, a brick tower is most stable when erected so that most of the forces (mainly weight) are kept vertical and transferred directly to ground. The easiest way to do this is to level the foundations and carefully align the walls as they go up with a plumb-bob. An arch-bridge is a different proposition because the forces have to travel safely sideways before they can go to ground at an angle making it harder to design a brick-arch than a tower. However, assuming a level is still the easiest way to calculate the forces involved and then to manage construction of the arch. Although it's possible to design and build at angles off vertical, it's simpler to do everything relative to a well-established real-world plane.
A secondary reason for levelling is to provide a reference against which adjustments are made.
As a Myford Lathe on a stand is both a structure and a precision instrument, levelling is done for both structural and adjustment reasons:
- Most workshop floors will have been levelled somewhat crudely by an ordinary builder. Some floors have a deliberate slight slope added for drainage. Quite likely the floor will be level on average but far from flat. Might be so off as to require attention because the flatter and more level the floor, the less trouble there will be with vibration and erecting the stand. It may be useful to flatten the floor under a machine tool with a proprietary mix that settles level within a temporary frame.
- When the stand is installed it's useful to level its top to a higher standard than the floor, partly because it will take the weight of the machine better, but also because it makes adjusting the lathe more straightforward in the next stage, if necessary. An ordinary level is 'good enough'. Stage 1 and 2 levelling can be done together with adjustable feet or other methods, but generally the more upright and rigid the engineering before the lathe is installed the better.
- Many lathes benefit from levelling of the ways. Although it helps remove unwanted stress from the lathe's structure, it also makes it possible to achieve higher accuracy by deliberately twisting the bed to tune out errors. There is a limited range over which this can be done, and it's best not to start with a lathe already badly twisted due to a bent stand on a poor floor. The downside of machines featuring this method of adjustment is they have bendy beds and are more likely to be out of true due to a poor floor or inadequate stand.
Levelling may not matter much – you might have a good floor and a decent stand from the get go, whilst Chinese lathes tend to have stiffer beds, and many industrial machines are massively rigid. Other lathes are more sensitive and I think this is why Myford owners worry more about levelling than others.
It's for tuning out errors that an engineering level is most useful, but as they only register on a surface that's already nearly level, using one might force the full 3-stage levelling treatment.
Once a machine has been set-up rigidly it's not necessary that it be level in operation. Plenty of lathes used on ships at sea…
Dave