Thanks Ralph. Imade two paperweights before this one. Broke off a tap in the first one and machined a big ole gouge in the face of the second one (wasn't paying attention to the bottom of the cutting tool)
And I didn't realize that runout was only half of the indicator reading, just like I didn't realize I was reducing the diameter of my workpiece by twice as much as the amount on the crossfeed dial. What a newb!
ORIGINAL: Ralphbf
When I was doing wood working I coined a phrase, which later I heard it was already thought of.
"Designer Firewood". Perhaps I could loan you the term, "Designer Paper Weights".
Actually your run out is only half of the total reading. The .003 reading is really .0015.
It's only .0015 off from center. That's doable.