I have both the Hornady and RCBS concentricity gauges, the Hornady gauge will read half the runout because the case is held like it would be in the rifles chamber. Meaning the case being held by the bolt face in the rear and by the bullet in the throat. The RCBS gauge spins the case body in V-blocks and will read twice as much runout as the Hornady gauge.
The RCBS case mastering gauge is the Swiss Army knife of gauges and is OK for normal reloading and measures many parts of the case. When not measuring neck or bullet runout you can use it to measure case thinning in the base web area.
The factory loaded Winchester .303 British case below stretched and thinned .009 on its first firing. So you can think of this gauge as a very accurate $100.00 bent paper clip. The biggest problem with this gauge is the V-blocks are painted aluminum and you will wear through the paint over time and the brass case will "drag" on the bare metal. Normally a good gauge rotates the case on ball bearings and the case will spin very easily. The cure for the case dragging is to put some case lube or grease the chamber walls on the V-blocks.
I was using both gauges tonight, I was checking case neck runout with the RCBS gauge and final bullet runout with the Hornady gauge.
If I was going to buy just one gauge it would be the RCBS gauge because it can measure case neck runout. This is a great help when setting up dies for minimum neck runout and finding out where the runout problem starts.
Note, the U.S. Military considers .003 or less bullet runout to be match grade ammunition.
"Now the last scenario, a full-length sized case in which the neck is also fully sized. There is clearance at the neck and in the body of the case, the closest fit anywhere is the bullet in the throat. If the neck to bullet concentricity is good (although it needn't be perfect), then the bullet will find good alignment in the throat and the case body and neck will have minimal influence. Let's not forget that the base of the case is supported by the bolt face or the extractor to a certain degree as well; this is yet another influence on alignment. As you can see, there are several points from base to bullet that can have an effect. My procedure is to minimize the influence of those that I can control, namely the case body and neck, and let the alignment be dictated by the fit of the bullet in the throat and to some extent by the bolt's support of the base. Barring a seriously out of square case head, I don't think the bolt can have a negative effect on alignment, only a slightly positive effect from minimizing "case droop" in the chamber. Given that a resized case will usually have a maximum of 0.001" diametrical clearance at the web, this isn't much of a factor anyway."
Bottom line, with a full length resized case the body of the case does not touch the chamber walls. And the Hornady gauge holds the case like it would be in the chamber. And yet the majority of runout gauges spin the case on the case body as if you were neck sizing only. The bad part of spinning the case on the body is if the case expands more on one side when fired it becomes egg shapped. And when this happens you will read more runout than you actually have if full length resizing.
Below German Salizar from the "Riflemans Journal" is responding to a question about "Partial Neck Sizing" and explaining why full length resizing is a better method.
Meaning the case body will have no alignment effect on the bullet and lets the case have wiggle room to let the bullet self center itself in the bore.
Reloading: Partial Neck Sizing
by German A. Salazar
http://riflemansjournal.########.com/2010/06/reloading-partial-neck-sizing.html
"Now the last scenario, a full-length sized case in which the neck is also fully sized. There is clearance at the neck and in the body of the case, the closest fit anywhere is the bullet in the throat. If the neck to bullet concentricity is good (although it needn't be perfect), then the bullet will find good alignment in the throat and the case body and neck will have minimal influence. Let's not forget that the base of the case is supported by the bolt face or the extractor to a certain degree as well; this is yet another influence on alignment. As you can see, there are several points from base to bullet that can have an effect. My procedure is to minimize the influence of those that I can control, namely the case body and neck, and let the alignment be dictated by the fit of the bullet in the throat and to some extent by the bolt's support of the base. Barring a seriously out of square case head, I don't think the bolt can have a negative effect on alignment, only a slightly positive effect from minimizing "case droop" in the chamber. Given that a resized case will usually have a maximum of 0.001" diametrical clearance at the web, this isn't much of a factor anyway."