Nothing ever runs precisely true, so the key question is how much runout you have. If you were trying to make the grass milling-machine-flat, you would be trying for a runout of much less than 0.001" Total Indicator Reading. Realistically, the ground won't be that flat, and if it were, it wouldn't stay that way for long.
A bowling green that is used for competitions will be flatter than a putting green. A putting green usually won't be flat at all, because that would make the job way too easy for the golfers - but it will have smooth curves with no bumps or undulations. Most people would like to have their lawn look smooth, though usually not flat. They expect it to feel smooth as they run the mower over it: no bumps, and all of the smooth curves fitting into a context with the rest of the curves. If it pleases the eye, and it looks and feels smooth, it's good.
The issue with an out of true roller, is that it will cause undulations rather than bumps or uneven slopes and curves. The eye can pick up undulations because they repeat: if you suspect you see one, you bend down, look along the top of the grass, and see if it is in waves. If it is, unless it is your lawn, you feel superior to the homeowner (unless yours is wavy too, of course).
There are two ways you can address your out of true roller issue. The first is the way a mower manufacturer would do it. You would measure how much runout there is, and if it is more than say 0.010"-0.020" Total Indicator Reading, you'd say it looks like it was made in a barn with blunt tools, and you'd fix it. The second way is like a critical home-owner. In that case you would look at the newly mown lawn, with your eye down close to the grass, and see if you could detect undulation. If you could, you'd take the mower back where you got it and demand your money back.
Remember, the mower cuts tracks across the lawn, and usually successive tracks are mown in opposite directions to get that striped look. Any undulations will not be synchronised from stripe to stripe, so if they are visible they will detract from the lawn's appearance.