Offsetting the tailstock won't produce an oval handle, it WILL produce a tapered handle
If you offset it in both directions it will produce a oval handle, I'm pretty sure.
In my head (please keep in mind, I'm a machinist, not a wood worker) this is how it would work.
1.)Turn largest overall diameter on center.
2.)Offset the tail stock center into the piece of wood a specific distance. Say 0.125"
3.)Turn to make a taper
4.)Offset the tail stock center into the piece of wood, 180° the same distance. So if center from step 1 was say 0, first offset would be at +0.125", second offset would be at -0.125"
5.) Turn to make tapered oval.
That should leave you with a tapered, oval handle. As soon as I find a cheap wood lathe I'm going to try this out.
