There is no practical method of checking the spindle travel or head tram to the knee ways directly,
There is, but trying to accomodate any found discrepancy compromises other factors that might be more important.
Put a dowel or test bar in a collet in the spindle.
"mess around" with it until you can get it to tram parallel with the quill going up and down In practical terms, make it concentric at both ends of travel.
Next lock the quill and all the travels & square the head perpendicular to the table as well as you can get it.
Perhaps with an indicator attached to the stout test bar you already made concentric.
You were going to do the above anyway.
Now put the indicator on the table, lock everything except X. Run the table back and forth with indicator tip on front side of test bar to find center. Lock X
loosen knee as little as possible (You did already adjust gibs before all the prep for tramming anyway?)
Run knee up and down with indicator point on test bar in spindle.
If there is a steady divergence in 4" or so, it will inform you how much the knee displaces in that 4" section of travel on the column. IOW how far in Y a hole centered at the top of the travel will be moved at the bottom of that same travel.
You can relocate the indicator to the side, find the center with Y, lock it, and do the knee thing again to discover any displacement in X with different knee positions.
But now you have a problem:
Will you change the head tram to mirror knee motion & drill holes and make features so they are parallel with the knee motion so they are not displaced when the knee is moved? How often do you drill with the knee? Is the angular difference enough to bind the drill when you do?
Or do you keep the head square with the table so those parts are square with the bottom (reference surface) of the parts as is generally much more important and practical? Split the difference?
If you bore (as opposed to drill) with the knee, holes will be ever so faintly oval, but there is no way you can measure it reliably relating to a BP.
So yeah, i have sometimes trammed a knee to see where it is. It is useful info
But as others said, there is nothing possible to do directly to change it, except rescrape.
smt