A case profile or chamber reamer usually requires multiple tapered sections. Here is how I set up my cheap import lathe to use the compound rest to cut the tapers (the angle scale on the rest is useless) without having to un-chuck the work or resort to the elaborate techniques shown on the internet.
1) Zero the compound rest: Chuck a dial indicator into the tailstock and index the tip on the ground surface of the compound rest dovetail slide. Then crank the long feed so the indicator travels from one end to the other on the ground surface. Rotate the rest until you can move the rest back and forth with changing the indicator reading.
2) Set the taper: Mount 2 dial indicators on the cross slide touching the ground surface and measure the distance between where the tips touch the slide. Rotate the rest until the difference in dial reading divided by the distance equals the desired taper. Example: distance between tips = 3.00", both dials start at zero, rest is rotated so dial 1 = -.050 and dial 2 = .040 therefore taper = (.050+.040)/3.00 = 0.030 inches per inch
Here's the sophisticated tooling used to attach the indicators to the the cross slide. A little filing on a 1/4-20 bolt head and it fits the t-slot perfectly.