Hi and Welcome!
A twisted lathe bed will cause work to be turned with a taper.
There are a variety of ways in which you can check for twist.
Lacking a sensitive level, it is probably best to use the method advocated by Myford.
This is set out in Ian Bradley's book "The Amateur's Workshop" on pages 27 and 28, or on pages 42 and 43 of "The Myford 7 Series Manual", by the same author. Basically, you turn a dumbell at least 6" long overall,.with a reduced diameter centre portion, and then take a light cut ( 0.002" – 0.004" 
off the two full size ends. The two sizes are then compared.
The 7 Series Manual advises putting packing under the feet, at the Tailstock end. If the collar at the outer end is larger than that near the chuck, the the FRONT foot needs to be shimmed higher. If the collar is smaller, the shims should be placed under the back foot.
Biscuit tins are often made from tinned steel which is 0.010" thick. The shims should not be made of any material which is compressible. For the final very fine adjustments, sometimes SLIGHTLY increasing, or reducing the toque on a fixing can suffice., but the fasteners should all be reasonably tight.
When the two diameters are the same, the bed is no longer twisted.
If it needs to be said, the tool should be set so that the cutting edge is at centre height, and leaves no "pip" in the centre of the workpiece.
To check Tailstock alignment, a bar which has been accurately centred, and centre drilled should be held between centres, and a DTI, set at centre height (Either on a holder in the toolpost, with the Top Slide locked, and after Zero setting, the Cross Slide. or on a Magnetic base – to prevent any movement )
A three jaw chuck is not suitable for centre drilling to make an alignment bar. For this you really need a four jaw so that the bar can be clocked to centre it before centre drillinbg It is then reversed, end for end, re clocked again before being centre drilled. Silver Steel is more likely to be straight and parallel than ordinary bright mild steel bar
Once the bar has been centred at both ends, it is held between centres, and clock set to Zero (At centre height ) before being traversed to the Tailstock end. The tailstock should then be adjusted to halve the reading.
The clock is then returned to the Headstock end and reset to Zero, before being moved to the Tailstock end again.
Repeat adjusting to halve the reading until there is no difference between readings at each end. The test bar should not be rotated whilst these checks are being made.
The Tailstock is now aligned and turning between centres should produce work without a taper.
When turning between centres, to avoid damage to the Tailstock dead centre, the centre drilling should be filled with grease..
Once these checks and adjustments have been made, it might be worth making a Centre Height Gauge. This will save time in setting tools to centre height.
HTH
Howard