Progress looks good Mayor!
Use a piece of wire to check the pulley for runnout. you can see the tiniest variations if you have a point of reference.
One of a very few things I'll say go to HF for: get a link belt. made in the USA too!

...so I am hoping to finish the rebuild in under 1 year.......kind of embarrassing, but oh well, so is life.
And I was able to polish the knobs:
), resisting the multitude of possible responses to that sentence. 
****,Hi - I just found and looked through the 11 pages of your excellent floor model rebuild. About 40 years ago now I bought a group of Walker Turner tools - 10" table saw, 6" jointer, belt & disc sander, band saw, floor and bench drill presses. I've always liked their quality - all have the original "driver line" motors and run perfectly.
The chuck on my floor drill press has loosened on the spindle and I don't have a diagram showing how the spindle is assembled. The threaded collar above the chuck tightens against the collar above it before the taper tightens in the chuck. If you have a parts drawing or anything that would show how it's built I'd really appreciate seeing a copy. Thanks **** Bargeron - [email protected]
Where did you source the bearings? Many W-T drill presses used oddball bearings so you can't order them from just anywhere. If you ordered them from Walker-Turner Serviced Machinery then you should have received a note about using some Loctite bearing retainer (like 609) to take up the slight slop.
Good job BTW! What paint did you end up using, was it that All Surface Enamel? I have my 1200-series apart and need to strip & paint one of these days...
Perhaps your rod isn't running true. Try another one and see if the results are the same. Measure up near the fingers of the chuck.
Have you cleaned and lubed the chuck, and inspected the mating surfaces for wear or galling?
Including the mating tapers,.
Does the spindle adaptor indicate true?
SNIP
Do you mean the internal taper on the chuck? Or the internal chuck piece?