Your post got me thinking that maybe I am approaching my alignment a bit incorrect. I am shimming under the tail stock feet to take the taper out.....but maybe this is not the best way to do it....maybe I will have a dip in the middle of the lathe ways now (bending them)... so I got a copy of the Precision Matthews manual (BBT manual is very barebones) and found that there are adjustment screws under the headstock of the 707.
In hindsight, it was a good call. But it looks like the cause for celebration was premature.
I agree with
@RobinHood. Leave things alone for now and figure out where you really are.
I'd advocate some more reading on this forum before doing anything else. You will find lots of threads on here about levelling a lathe / aligning a tailstock / aligning a spindle / concentricity, etc. You will quickly discover that levelling is not really levelling. That's just what much of the world calls it. If you conclude that it really is levelling, then I would submit that you have not read enough yet to be adequately confused
.
As you may already know, I am not a fan of YouTube. Setting up a lathe properly, is something that gets totally messed up on YouTube all the time. Who do you trust? I'd hate to see you get led further astray by a flaky YouTube video.
Instead, I'd suggest browsing this forum to find good threads on the subject. You will find lots of debate, mistakes made, gallant efforts to fix problems, and lots of conflicting information. That is ok. Read it all anyhow. What it will do is inform you about all the ways folks mess this job up as well as learn about how they got resolved, what works, how opinions differ, and what the terms are. Taking short cuts will rob you of the opportunity to understand the complexity and the nuances of setting up a lathe.
For the purposes of getting going, I would suggest that you start your journey by understanding that not all lathes are fully adjustable and that the methods for setting them up vary by design and size of the machine.
If you have not already realized it from all the humour posted here, a tenth is probably not really a realistic goal. Especially not for non-adjustable lathes. For many of the smaller lathes, about all you easily do is align the tailstock.
That said, there are 3 primary goals you chase when you setup a lathe.
1. Measuring and attempting to remove bed twist and bed arch. (This is what is usually called Levelling.)
2. Aligning the tailstock.
3. Aligning the axis of the spindle with the axis of the bed.
There are others too, but these are the main ones. As I said above, not all lathes are adjustable for all three of these goals. But once you understand these 3 primary goals, you will be better equipped to decide what method(s) are best for you and your lathe based on reading the debate and discussion you find on here.
Let me just finish by saying that I have my preferred way of doing these things and others have their ways. Some are outright wrong, but most are just one fellow's opinion of what works for him. Personally, I don't think it's wise to jump into the middle of debates and discussions when your own lathe is on the operating table........ That's why I am deliberately avoiding telling you how I would do it if I were you. Instead I recommend you undertake to bring yourself up to speed and then come back here for the discussion. I (and many others) will happily engage in the debates at that time (and yes, there will be debate..... We do not all agree! LOL!)