Ya made me think Jackie, thanks. If one was to make a bar [an old barrel wouldn't be straight enough] with tapered threads, thread the nut over it, use the tailstock to align the nut in the chuck. Remove the bar to true the nut threads and face. If the nut was clamped too hard it should be easy to tell by the feel when removing the bar.
Then again, simply taper threading a stub would be as fast or faster and as true as your lathe can be. I see no reason for the nut threads to be out of round or require recutting unless the nut isn't set up true before the face is cut.
Pick your poison, thanks guys,
Cheers,
Rob