I've got a fair bit of experience with ships, more with aircraft. I understand weight and balance very well. Part of my job was keeping the helo in trim before, during and after flight.
No wood in my bench, chips under a caster does nothing because the table is not holding the i beam, the i beam is basically holding the table. the lathe is bolted to the i beam. My concrete floor doesn't move with the seasons either; its a heated slab. Stays the same temp summer or winter. Consequently, my floor doesn't get the usual frost heave everyone else gets (hella nice to have a heated slab in winter!).
Everything twists and moves, no matter how heavy or thick. The reasons may be different (temperature, weight, loading, etc) but everything will move sooner or later. But that I beam is quite thick and heavy and I don't stress it to the point where deflection is a problem. Not to mention, the shape is also meant to impart strength and rigidity. Any movement is pretty minimal.
I've landed on a bulk carrier hatch before to medivac some poor sob who fell down a ladder 3 or 4 decks and was in a full body splint. The bulk hatch was at the rear of the ship near the superstructure and we were in pretty heavy seas (well, heavy for landing an H46 on the deck of a civilian bulk carrier). I remember standing on the hatch and watching the bow twist opposite the aft of the ship (we were running pretty much abeam the waves, with a slight angle to run down the backside).
I'm not talking a slight movement either. From my perspective, the front superstructure had to be twisting back and forth a good ten feet in either direction from vertical (part of my job was judging distance and I was accurate to within a foot or less in most cases).
I know it's designed to flex with the seas (rather than fatigue and break her spine or pop her plates), but I was never so happy to get the hell off a ship as that one....didn't help that the ship looked like it could have used a couple years refit in drydock. My pilots kept the rotors up to speed the whole time and I refused to get more than one foot off the ramp on to the ship. If they had to "flock off", I was sure as hell going to be "flocking off" with them!
I consider a machinist level to be a basic tool for a lathe. I didn't until I bought one, but have since seen the light. It lets you setup and recheck super easily. Hard to beat something you just set on the ways and wait for it to stabilize. Nothing to interpret, nothing to rig up, just set it down and go.
Relative to everything else you buy for a machining hobby, it's actually pretty cheap. 100 bucks or so for a used one and you've got it until your estate sale. As I mentioned, I keep finding more and more uses for it.
You certainly can set up a lathe without one though. Plumb bob, taper bar, the two rings thing, etc. Lots of ways to do it, but none as quick and simple as a machinist level.
Me? I'm happy as long as the front and rear ways are parallel to each other and perpendicular to the spindle....how you get there is a matter of personal choice (and personal finances).....
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