Hi Mark, I found out the hard way a tiny bit of trash throws it out. When I first tried it I thought it was clean but it showed almost 0.01
' run out, I was flabergasted, all that care and that much run out, when I removed the collet I found a very thin speck of swarf stuck to it.
Good idea on the polishing.
I saw somewhere on the web someone who added 4 screws to make a sort of set true version, it may be worth an experiment as it wont destroy anything.
I will also test the position of the collet in the chuck to see if the run out moves with it.