I have both runout gauges pictured below and they measure runout two different ways. The red Hornady gauge will read half as much than gauges that spin the case on its body.
After full length resizing I check the neck thickness variations and then check case neck runout. And I want the neck runout to be .001 or less than the neck thickness variations. This is making sure the case is concentric as possible after sizing and the expander is not pulling the case neck off center.
After loading the case and seating the bullet I will check bullet runout to make sure the seating die is not inducing any runout.
If the case wall thickness is thinner on one side the case will warp when fired and its circumference will be egg shaped. Meaning spinning on the case body will show "more" runout than spinning the case on its axis.
Meaning the warped case can be causing the runout, or your sizing die or the seating die causing the runout.
NOTE, a warped banana shaped case is not a myth as shown below. A case fired in a milsurp rifle with a large diameter chamber can make thinner commercial cases warp badly. And in a tight custom chamber the case will warp much less. This is where having a gauge that can measure case wall thickness will tell you a great deal about the quality of the case
Neco Concentricity, Wall Thickness and Runout Gauge
The NECO, patented, Case Gauge is the most versatile instrument available for measuring the various accuracy determining factors of cartridge cases, bullets and loaded ammunition. No other gauge can measure all of the following: 1.Banana curvature of case. 2.Wall and neck thickness variations. 3.Case head squareness. 4.Banana curvature and out-of-round shape of individual bullets. 5.Runout of seated bullet. 6.Total runout of loaded cartridge.
Bottom line, this is why I prefer Forster benchrest sizing and seating dies, they are designed to reduce any runout. The high mounted floating expander can not pull the neck off center and induce neck runout.
The seating die holds the bullet and case in perfect alignment and can even slightly correct the amount of bullet runout. (and they are cheaper than Reddings seater die)