The fixed non-moveable bearing areas are known as ways, the bearing areas that move over the fixed ways are known as slides. For example the carriage, on the bottom, has one set of slides for moving over the bedways, it also has the cross slide's ways, on the top, which the moveable cross moves over. The cross has 2 flat slides,1 dovetail guiding slide and 1 dovetail guided slide, which is the gibbed slide. It also has the circular way for the compound rest assmbly.
In your case, I think your buddy was referring to the tailstock slides.
There are 4 tailstock tests that should be performed that will greatly help in pin pointing the problem area(s). These tests are listed in Edward Connelly's book "Machine Tool Reconditioning", and these tests are part of the lathes test card.
There are 2 sets of tests,, and each has 2 parts, and in both cases there is an indicator mounted on the carriage and the carriage traversed. The first test is to check the alignment of the locked extended quill,spindle, or ram, both horizontally and verticall, the second set is to insert a test bar in the ram and perform the same tests on the test bar. These tests will tell you the alignment of the ran and the alignment of the ram's tapered bore as they relate to the bedways. Of course if your bed is worn these test will be less valuable. The assumption is made that the ram is a good fit in the tailstock top, in otherwords a nice sliding feel with no shake. If there is shake, that problem will have to be corrected first.
My experience is that the tailstock's ram will be pointing down, which means that the front ends of the slide have worn more than the rear ends. If you place shims at the front to bring the tailstock into vertical alignment, chances are you will also have to place additional shims in the front and the rear to bring the ram's alignment in line to the headstock's spindle. This is potentually a bad situation; think of what is happening to the tailstock's top when you tighten the bed clamp.
Before the use of shims, the tailstock bottom should be scraped into alignment, both horizontally and vertically, then you can use one constant shim thickness to obtain alignment with the headstock spindle.
You can check headstock-tailstock alignment by using a test bar between centers, preferred, and/or sweeping the tailstock's ram with an indicator, less exact but do-able.
By all means get Connelly's book, strongly recommended, there is a lot that hasn't been discussed, I've basically hit the high points. The book is in depth study of scraping, the tools needed,the alignment procedures and problems, and takes one through the reconditioning of 5 machine tools.
Harry