There are two sorts of runout - repeatable and non-repeatable. If you don't remount the part then the repeatable part goes away but the non-repeatable (due to bearing variation) doesn't.
With grinding it's a surface finish issue too.
So if you wan't really round - you need good bearings.
Chris P
Ok thanks guys, this helps me understand this now, I think I understand the repeatable and non-repeatable runout. I know that with repeatable runout, if a part is not remounted in the lathe, all diameters will be turned at once and the runout will diappear. However, if it is non repeatable runout due to loose bearings wobbling, the part will not come out round. I'm thinking this is because the cutting pressure can push the spindle around, and the part will not be held steady.
As in a mill, I understand that if the cutter is running out, I know that one side of the cutter will be doing more cutting than the other. However, if the spinde is running out due to loose bearing (not bent), I would think the cutter could wobble around and not cut flat or square. If the spinde runout was from it being bent, i think this would be repeatable runout and a part could still be cut flat and square, just one side of the cutter would cut more than the other side; wearing the tool faster.
As with a surface grinder i know that wheel runout from a wheel not being properly dressed true to the spindle, will cause a poor surface finish. However, I'm thinking if the spindle was running out due to loose spindle bearings, the part would not come out flat/square because the spindle can move (non repeatable runout). If the spindle runout was from it being bent it would be repeatable run out and the part would still come out flat/square.
Let me know if I am thinking of this right.
Thanks again, Brian from PA.