Leaning towards a collet chuck system, but this is interesting. If nothing else I might just have to try it. I would have never thought of duct-seal. MKSJ also suggest a brown paper bag. I really love the simple innovations that this group brings forwardI understand your problem. And I have been doing that kind of operation successfully. The trick is to wrap the outside of the material with Duct-Seal (HVAC folks use it). It kills the harmonics. And it would also help to use a solid Carbide boring bar. I see no problem if done this way. The chatter will be gone…Dave.
You may need to wrap tape around the Duct-Seal if it starts to fly off.