I agree with all the above. I add that a large key type chuck is a good thing to have also. Use the 0-whatever Albrecht for touchy work and the larger key chuck for real hogging. Make sure the tailstock taper is clean and dry, ditto the taper adapter. One of the fellows at work spun the chuck and really @#%^ the tail stock spindle. Not good!
To know by reading is different than knowing by doing. OR:
What you have going into a situation is knowlege..What you have coming out of that situation (providing you survive!) is wisdom.