O.K. So I hope you're ready for a mammoth monster post……..
The method for setting up the lathe is going to vary, depending on what kit you already have.
If you're serious about using the lathe you're going to need a four jaw chuck anyway. In my opinion you're better off with a four jaw than a three jaw if you only have one chuck. That's not usually the way people think, but if you use a four jaw then you're going to need a dial gauge and magnetic base to go with it.
* Generally, once you get used to it, the four jaw chuck will be nearly as quick to use as the three jaw.
* With the dial gauge it will be much more precise than the three jaw.
* It can hold almost anything within the capacity of the lathe, which the three jaw cannot.
You're going also to need a piece of 1" diameter ground stock. A 13" piece of silver steel is ideal.
1) The first thing you're going to have to sort out is the gibs;
You can forget about the compound slide. You'll need to get he gibs for that right eventually, so you can get a good turned finish. To set up the lathe, you can remove the compound if you want. It doesn't affect anything. Gibs that matter are those on the saddle and the cross slide. The screws for the saddle are over the back, and for the cross slide they're on the right.
What you have to do is adjust and lock each screw to get a minimum of slop (twisting) throughout the whole range of the slide. You need to do this whilst not incurring excessive friction by over-tightening. On a new machine, the gibs will be easy to set. On an old machine, there will probably be some kind of compromise between the range of friction free motion, and the slop in the most used areas of the slide.
The slop will be by the headstock for the saddle, and somewhere in the middle of the cross slide. You can have the slides ground true if you want. A dovetail bed like the ML4 is the most awkward for the professional machinist to grind.
Do the lower slides first. When you do the upper slides, ensure that the lower slides are in the tightest region of their travel. That way you're only trying to eliminate the slop in one slide at a time. Start with the saddle, and when you're happy do the cross slide. If you're going to, do the compound last.
The headstock has three bolts and no dowels. There is a considerable range of movement, so the lathe can naturally turn quite a strong taper. The main bolt is the one below the pulley. It needs to be nipped, but not tight. The other two are below the front main bearing and hang down. These need to be loose.
2) Then it's the headstock adjustment;
You're not going to need power to the headstock for any of this, so make the belt drive loose.
Put the ground bar into the 4 jaw and roughly centre it by eye. There will be a whole length of bar sticking out of the chuck, but that's fine. Don't let the chuck get too tight. Put the dial gauge on the cross slide and move the saddle so that the dial gauge stylus rests on the bar within about 1/2" of the chuck. Accurately centre the bar, without moving the saddle.
Once you have the bar centred close to the chuck, you're going to find that the bar is wagging around, because there is such a length sticking out of the chuck. You're going to have to minimise that, and the only way you can do it, is to use packing between the jaws of the chuck and the ground bar. It's a process of trial and error and it will take a while, but you cannot do to good a job of it. I would recommend various different approaches depending on how accurate your chuck is.
a) If the chuck is good, then the bar will not wag much and I think you will be able to use thin hard packing, like brass or steel shim stock.
b)If the chuck is bad, then the bar will wag a lot, and you may be better off with soft packing like iced lolly sticks.
c)You might find a combination of both works.
Be methodical, get it concentric near the chuck, and then assess the runout at the end of the bar. Use a permanent marker add packing and repeat.
If this all proves too difficult you can get a test bar which is ground all over and has a no. 2 morse taper on the end. You put the test bar directly into the spindle nose and ditch the 4 jaw. This could work out quicker, but it might not work out at all. If the taper is not true in the spindle nose, then you'll never get the bar true to the bearings. With the four jaw and the packing, it will always be possible to achieve truth, but it might take forever to set up.
Don't forget that you don't have to cut anything, so if the truth is accurate but weak due to the use of soft packing, that's O.K.
Once you get the bar true to the bearings, don't put any forces into it. Treat it as precious.
Edited By Andy Ash on 07/05/2016 11:16:56