OK time for a report. Despite setting up and running various engineering and physics experiments for years I broke one of the cardinal rules, change just one thing at a time!
I tightened up the gibs on crosslide and compound, not too stiff to turn easily but nearly so. I also re-adjusted the rollers on the carriage(this machine uses bearings at each corner, not a gib) I don't think this did anything really because I was overly fussy about this in the first place. For those who don't know this lathe is a Smart & Brown 1024.
I used a good sharp HSS tool for all cuts, it had a radius of about .030".
Using the 3 jaw on 2" OD 6061 with .004 per rev finish was really, really good, no banding. I looked at with a stereo microscope at 20x, it looks great.
I switched to a piece of 1.5 OD 303, also got great results, no complaints at all.
Similar results on a piece of O1 1" OD.
Now to the collet(1" nearly new Hardinge), banding again, but much less, you can see it but barely feel it.
Hmmmm, so I started messing with speeds and feeds. I was changing my feed with one of the gear settings on the dial in the same position(if you know the 1024 you will know what I mean) I did this because it was easy to change from .001, .002, .004 per rev. I changed to a different position on the dial, and used .003 and .005. Banding is now not detectable. OK that seems to have got it, there must be a problem with one of the teeth in that one feed setting. I inspected them all on tear down but didn't see anything.
I did try the indicator on the 5C spindle at 10 degrees and its spot on(5C is built into the spindle)
The only thing I have not tried and was suggested is the prybar under the chuck. I have never done that before, how much pressure should I use? It seems like you could get it to move if you wanted to with enough pressure. I'd like to try this test, so any advice on how to carry it out would be great.
There was one comment made:
"Wear in the saddle and bed means the feed pinion no longer engages the rack at the optimum position. That means irregular saddle motion whrn using power feed. I bet the banding has the same pitch as the feed rack"
I'm not sure I understand this, but when I first read it I thought "aha, a simple solution!" Especially as I replaced the pinion. But the pinion does not drive the rack, granted it goes along for the ride and I could see that it may wind up telegraphing onto the workpiece, but it seems doubtful. Maybe I am not interpreting this comment correctly??
Thanks again to all the commenters, it was a great help and it seems that it is mostly solved.
Happy New Year!
On edit: one more test I did, that was recommended, was to set up an indicator and watch the dial as the carriage moved. I took a slo mo video of this and can see no hesitation, regardless of feed position.