My intention . . .
After much thought and staring at the lathes for a while I have come up with the following . . .
My intention is to use it as "check tool" for our 1014 JETS.
Slide alignment tool into headstock, mark depth, then slide alignment tool into tailstock, mark depth. Now you have a guide to follow.
Then place alignment tool into the tailstock, slide toward headstock, if it fits right in, everything is lined up.
If it does not fit, loosen bolts on headstock, move and place shims under headstock until tailstock with alignment tool slides in smoothly.
Re-tighten headstock bolts and recheck. Repeat procedure until you have perfect mating . .
You could also apply the shims between the base / stand & the lathe . . . regardless, I'm thing, ADJUST, CHECK & LOCK DOWN . . .
I am not a millwright or a machinist, so if this won't work, please let me know and why . . . seems like I would then have total alignment throughout the entire axis.
You could use "cheap" accurate shims, ie . . . Harbor Freight feeler gauge set . . .
http://www.harborfreight.com/cpi/ctaf/displayitem.taf?Itemnumber=32214
Steve