Thanks Pete! This statement is true as I have experienced it. When I switched from one coolant to another I noticed right away that the final hole was slightly larger so I learned to compensate by speeding up my feed rate. Problem is I'm not consistent with it. I'm trying to visualise that tailstock slide apparatus you mentioned and will have a look on youtube for it. As for bed wear in the tailstock ways, I'd say there's virtually none. I've hardly moved the tailstock back and forth and when I have it's always had lots of way oil.
Harold - to answer your question I only leave .005" to .007" but can leave less if you feel it will produce a better hole. The reamer I use was factory ground and I feel confident in it but can get my friend in Ohio to grind one for me at .625" to be sure that all the cutting edges are the same. Both you and Glenn have mentioned gripping the reamer with only very small amount so I will try that as well. Currently I do all the testing on 2" dia pieces of aluminium to try to simulate the effects but I have found it still reacts differently when I work with the actual parts at 5" dia.
Mr Ron - I might try what you mention but my question to you is what dia reamer did you do this with?
Glenn - A while back I did some extensive work aligning my tailstock with a long bar and made cuts at both ends and tweaked the tailstock till I got them very close (a few tenths). I was happy with the results but if you have another method I'm all ears.
Once again, thanks for the help fellas! I appreciate it a lot.