OK, the start point. Three areas to secure.
#1. Receiver dimensions including recoil lug.
#2. Lathe alignment between centers and
#3. barrel centering.
We are starting out with the Remington M- 700 Receiver, short or long action.
My method includes tossing the factory recoil lug and use a thicker aftermarket lug. Chandler (#1) or Tubb lugs are preferred. The Tubb was not very flat as it came from Brownells
We need to measure the thickness of the lug with the 1" micrometer. It should be flat, within . 0001".
I have used a flat precision grinding stone to cross hatch (By hand) the surfaces to make sure they are as flat. If you have access to a surface grinder? This can be accomplished in a few minutes. If it is way out of being flat and parallel. Then the finished surfaces may not be perpendicular to the barrel bore. That can cause a bind when the barrel is tightened onto the receiver.
Shall we consider, for this exercise that the Remington receiver is already true and blueprinted? Locking lugs trued and lapped. That is another exercise, in itself. Requiring more specialized tooling.
Remove the cocking piece/firing pin assembly from the bolt. Remove the extractor and ejector. They get in the way.
Insert the bolt into the receiver. With the receiver in an upright position, use a depth micrometer to measure from the face of the receiver to the bolt face, in several places. Get a good average dimension. Measure also, from the receiver face to the lip of the bolt, and the front of the recoil lugs. Then measure the final thickness of the recoil lug.
I will go over to the shop and get a receiver and my micrometers and measure a real receiver for you. I will get some pictures and post them. We will draw a "map" and walk through the dimensional planning stage. The Remington receiver threads are about 1. 062" major diameter. With a 60* form and 16tpi thread pitch.
If you look at the assembly of barrel to receiver as a periodic wave generator, you can understand why I am being really picky in my dimensional characterization. Any pipefitter can screw a barrel on a receiver! The more care you take, the better the results! Your goal is to create a rifle where all the parts function as a unit, and not interfering with the harmonics in any way. You want the muzzle of the barrel in the same point in time and space, shot after shot! If you can do that, even a rough, cheap barrel can shoot well!
I should have the receiver and Micrometer in hand, tomorrow evening, then I'll write more!
GregH