No you haven't created a mandrel saver as the tailstock end needs to spin with mandrel, hence the use of a bearing.
But you could straighten your mandrel with it by sliding it length of the bar a few times until you see no light if that's your preferred method of checking it.
But you could straighten your mandrel with it by sliding it length of the bar a few times until you see no light if that's your preferred method of checking it.