The 52 tooth chain ring is a little bit out of round. There isn't any bind in the chainring bolts but its off a little. Is that ok or should I replace it?

Was it made that way? There are some oval chainrings, like the Shimano Biopace.

Out of round as in "up and down" or "side to side?" I assume you mean it's a bit oval. I don't see how that could happen unless it is in fact a Biopace like Sweetlou says.

If it's not Biopace maybe the bottom bracket spindle is bent?

Yes it is a biopace. They are made that way huh?
OK I feel better now
Thanks for the info

There are others besides Biopace. Biopace is the most common one seen though.
Read up on them: https://www.sheldonbrown.com/biopace.html

Used to have a Sugino Cycloid ring.

should have known to search Sheldon's site.
I have much to learn and many dumb questions to be answered.
Thanks again