Hi guys,
I did have a look to make sure it was properly seated (and that there was no obvious gap). What I didn't do was try rotating it to see if it was any better in a different position. In the past this has helped but normally we're only talking a tiny bit of difference.
The lathe came with a large number of chucks, small+large 3&4 jaw, self centering 4 jaw, plus face plate and a 'dog' driving plate.
From memory the small 3 & 4 jaws have only a small amount of runout and the faceplate seemed pretty much bang on.
(I know the self centering 4 jaw is out a bit - but I think that's my fault since I machined the backplate.)
I think basically I saw how much the runout was and decided it was so much that there obviously wasn't much point in bothering, combined with a quick google that said "bison = Polish" and I gave up and posted my message. So this evening I'll strip out the jaws and make sure it's all clean in there, then check the rear of the chuck have a nice cup of really hot tea and put it back on, spin it around a bit and find the best place for it to sit and then measure it all again...
(Oh - my rod was only a piece of 1/2 inch silver steel, but I had selected it for straightness. I also rotated it 180 degrees in the chuck but the error stayed on the same side).
Cheers guys.
@Phil, thanks. If all else fails then before I melt it down or wait for a Yorkshire man to collect then I might take you up on your offer.