Chuck,
Iron or steel are your best material choices to match the stiffness and expansion coefficients of the rest of your lathe. It's not so much that the footprint of MiniLathe tailstocks are bad as it is that the fit and clamping are (generally) poor. Honing and lapping your bed true is the best place to start in my experience. Ensuring that your tailstock bore is properly aligned with your spindle is the next exercise. (As I made a taper turning attachment for my MiniLathe, I did not need to keep the set-over capability which simplifies this step immensely.) Finish that off with a good camlock and you will be amazed how much better and faster everything happens on your MiniLathe!