You chuck up a piece of stock of large enough diameter to be stiff, say an inch or more, and 6" plus long, you want to end up with a piece that is relieved on the diameter, leaving a short distance of full size at each end, say 1/4 - 3/8 long, then with a sharp tool, light cuts and fine feed, take a light cut on the full size ends without adjusting the cross feed; measure the resulting diameters to determine whether or not the lathe is cutting a taper; if, say it is cutting taper large at the head end, lower the tail end leg in the front or raise the head end in the back. I would tend to truly level the headstock end, and make adjustments at the tail end.