its good to hear you found the problem now you know whats wrong you can try and avoid it or at lest compensate it i wouldn't go out and get a new lathe you have a quality lathe that works for you and another project have you got an adjustable boring head? sounds to me you could maybe do it all on the lathe and you have a mill thats great don't let it phase you maybe take a few afternoons to plan out what to do and carefully give it a try
also that wear happens to all lathes yours is 30 years old its no surprise there was a big talk over on PM about wear on lathes sparked form a box way Raglan lathe the conclusions were that box ways were far easier to fix, stayed very accurate in the middle channel and that on all used lathes the tail stocks usually have/cause the most wear both to the bed and to the ram we use them so much and most dont have wipers it just happens with out us knowing it you are luck to have a Myford i bet if you fix this it will last another 30+ years with out any problems
also that wear happens to all lathes yours is 30 years old its no surprise there was a big talk over on PM about wear on lathes sparked form a box way Raglan lathe the conclusions were that box ways were far easier to fix, stayed very accurate in the middle channel and that on all used lathes the tail stocks usually have/cause the most wear both to the bed and to the ram we use them so much and most dont have wipers it just happens with out us knowing it you are luck to have a Myford i bet if you fix this it will last another 30+ years with out any problems