Are there not 'set screws" threaded into the table to set the gib resistance that sets how much effort it takes to transverse the table (not the locking screws, they are a separate item), this should also remove any excess dovetail slop to your movement. I'm not in the shop at present and its Been a while since I had the table off mine but I seem to remember some grub screws for setting the slack used in conjunction with the "end screw" that catches the slot in the gib .
Craig, the reality of these inexpensive off-shore machines is that tolerances attained (precision ground) in the much more expensive machines may never be attained ...no harm in trying to see how good you can actually get it but it could drive you to distraction looking for the unattainable. My experience with my machine is that a .001 trammel is very hard to attain within my usual time frame of "smoke from my ears" frustration....0005 is just a fluke of monumental fortunate proportions.
JohnWa, I can commiserate with you on your rotary vice base, until, to alleviate my frustrations and not make me so reticent to use the angle options of my rotary capable vice, I made it easily returnable to a 0-0 trammel as I could within the limitations of both vice & table.