I'm always on the lookout for used lathes. Not really interested in old lathes but in a good deal on something more modern. When inspecting a used lathe, is "spindle runout" something that you inspect to make certain it is within a certain tolerance? When I say "spindle runout", I am talking about measuring with a dial indicator the smooth portion of the spindle just behind the threads and also the inside of the morse taper of the spindle. I turn the spindle by hand and check for any deviation of the dial indicator in the rotation of the spindle. Although I like to see zero runout, I understand that we are discussing wood turning lathes, and runout is not as critical as on a metal turning lathe. What would be acceptable maximum runout to you? Is anyone aware of an industry standard for spindle runout on a new lathe? Thanks.