Mr. Hainstock hit it on the head!
Brian, If you put the mandrel and all the parts and bushings on into the headstock and rotate it slowly you should see no wobble at all. If there is wobble then either it is bent, not seated in the MT on the headstock, or to much pressure on the nut holding everything in place. On my old beater that I converted to VS the tailstock will move side to side about 1/16"! This is what is happening to you when it always ends up in a different spot. You can make a mark on the lathe when everything is lined up and make sure you hit that spot each time when turning pens or shim the tailstock clamping plate to get a truer fit. Hope all of our suggestions help!
JEff
To turn or not to turn that is the question: ........Of course the answer is...........TURN ,TURN,TURN!!!!
Anyone "Fool" can know, The important thing is to Understand................Albert Einstein
To follow blindly, is to never become a leader............................................ .....Unknown