So the bolts were binding and not letting the chuck seat properly? I totally misunderstood, and by drilling them out you've come up with the perfect fix. Pins and all. What's the runnout on a nice round bar sticking out about 4 inches? And running the dial down the length, is it straight and parallel? And of course, the bottom line: A workpiece, how is that doing?
Well a 4 jaw came with the lathe, but it is a clunker.I my experience, 3 jaws have been nothing but trouble as I do not have the budget for one that is worth owning. I use collets for smalls and use a 4 jaw for nearly everything else. It may be worth your time and money to invest in an adequate 4 jaw. With practice you will be able to set one up nearly as fast as a 3 jaw. The only redeeming quality of a 3 jaw, in my eyes, is for chucking hex stock.