Hi,
Every piece of advise that has been stated here is spot on and each one is very important.
Set up your feed to run a 6 minutes per 30" pass wether you are hogging or taking a .003 finish pass.
By doing this you will find there is less shock to the wood.
I have found that you should slow your lathe speed down as the diameter gets smaller also.
Make no mistake, getting shafts to come out perfect before sanding is something that will take you some time and effort. In the end it is worth the time and effort.
Rick
Here is a chart that I use when cutting shafts on my machine. Get a laser RPM Tach for 25.00 and start experimenting until you get the best results for your set up. I went through 4 other machines until I found what I think is the perfect result. Be paient!