It is obviously a very subjective question, and I'll hear opinions ranging from perfect to don't expect better than 0.001 in/in. I've done some searching and haven't seen much discussion on what is square enough on an RF45 clone (Optimum BF-46 in my case). I'm a perfectionist, and would probably be shimming until I croak to get under 0.0001 in/in.
Here's where I'm at: Just sitting free on the stand, the mill was about perfect in X-Z, but was out about 0.0007 inch per inch of Z in Y-Z. I'd like to see that closer to 1 tenth per inch of Z, but I'm not sure if that is realistic or not on this class of machine. After 6 hours of fiddling, I got Y-Z down to 2 tenths per inch, but then X-Z gained some and is sitting at 3 tenths per inch. I should probably be satisfied with that, but I still feel the need to try to make it better. What does everyone else think? Am I trying to make it unreasonably good?
Just for grins, I put the cylindrical square on an older Trak DPM at work in our model shop. On that machine I measured 1 tenth per inch in X-Z, and 2 tenths per inch in Y-Z. I'm not sure if I learned anything from that.
Thanks,
-Steve