Face mill finish

[magicniner]

The indicator holding prong is actually in the spindle, held inside an 8mm collet. The measuring lever is just touching the table. Therefore any readings of the table are relative to the spindle/head/column assembly. Since the only thing that moves is the swipe east to west of the table, , the reading will change if the table is not horizontal.

Incorrect, what you will get is the error between the plane of the table ways for the moving axis and the table surface, this will remain constant with your indicator mounted on any fixed point on the machine chassis, the column, and if clamped still, the head, are simply extensions from the fixed chassis of the machine.
If there is an angular error between the plane of the table surface and the ways then no amount of jiggling your column, head or spindle angle will "adjust" this away, the only way to correct this is by removing material ;-)