Tyrone has got it nailed, along with Forrest's input for unbolted machinery. I'd never ever install a lathe without it's being anchored to the floor with hold-down bolts, which, as has already been stated, usually go through hollow jacking bolts attached to the lathe. The torque wrench is a nice thought, but assumes that the lathe is perfectly straight and parallel in its free state, which is not always the case. Sometimes you'll have to pull down on two bolts, yet jack up on the one in between them to get things straight, even with no wear. Remember, there are apprentices everywhere, even in the places that made these machine tools. I often use a mirror if no helper is available so I can be down by the levelling screw and see the bubble at the same time. As Tyrone noted, you'll also likely need to do an alignment test if your lathe doesn't cut straight after you've levelled it. This test will tell you if your headstock is out of alignment with the ways. If, after you've levelled it, it cuts a taper while free-cutting a bar of stock in the chuck, you've got an alignment problem. You can also use a "test bar" and a dial indicator.