I've got two rifles that the rings were never lapped, and I don't seem to have any issues with them, one was mounted by the previous owner, the other by me- carefully. I plan on re-mounting them now that I've got the tools to do so. I've just finished 'fixing' a botched mounting job on a friend's rifle that was supposedly done by the 'pros' at WSS in Grande Prairie. He'd bought a new Elite 6500 Tactical to put on a Tikka T3 and the first time out, the bases sheared off- screws overtightened. The next time around, he noticed his groups were all over the place. I took photos as I took it apart- rub marks where the scope moved, and was only making contact with about 10% of the metal in the rings. Rub marks where the bases moved. Nothing Loc-Tited, nothing torqued- all the screws were loose. Bases and rings also weren't aligned, and the crosshairs not leveled to the bore. So much for a 'pro' job. I've watched the guys at the counter there take a scope, drop it in the rings and say 'looks good', tighten it down and send it out. I'd have no faith in this. I don't 'think' they managed to damage the scope itself, which is lucky. A coworker had the same store crush a brand new $1000 Leupold mounting it their way.
Lapping didn't take long, and now the rings have about a 90% bearing surface on the scope. He hasn't shot it yet, but I expect his accuracy problem was the scope/rings/bases moving every time he shot it. The set I'm using is made by Wheeler, got it at Cabela's. Comes with the FAT Wrench (for torquing screws), Loc-Tite, lapping bars and alignment bars for 1" and 30mm, Level-level-level to level the crosshairs, lapping compound and a DVD. $130, IIRC. The video is straightforward, my only advice is when using the alignment bars, don't use them point to point. This isn't always accurate- two dogs touching noses don't mean their arses are in line. Use them butt to butt. If you can get hold of one, this h t tp://echolsrifles.########.ca/2013/01/scope-mounting-alignment-bars.html is a better tool to align the rings, and much more useful.
There's my 2 cents, for what it's worth....