The Y axis is based on my DRO reading change of the carriage, or longitudinal change, but Bob is correct that on the lathe this is technically the Z axis on the lathe (sorry neophyte hare). In any case, the 5C collet chuck draws in the piece by about 0.004" per 1/4 turn in the unit I have. If you are holding stock that is slightly under the collet size (between the 1/64th increment), there can be a bit of a variation in the final key position with repeat use. Sometimes you might torque a little more or less with these types of chucks. So it is fairly easy to be off a few thousandth in the longitudinal position of repeat pieces using a collet stop that threads into the back of the 5C collet with this type of chuck. I was making a number of duplicate parts, and noticed some variation in the lengths. A collet closure system would be expected to be more repeatable, since the applied pressure/set point is more repeatable. An ER system I find is more secure with a wider clamping area and has a wider diameter clamping envelope for a given collet size. As I have only used this on the mill, I can't comment as to better/worse on a lathe, but I expect it to hold rods better. On more than one occasion, I have had a rod twist when cutting threads with a 5C collet. Just some observations with the 5C collets.