A
Andre
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If that collar is not for retaining anything I'm wondering if it was intended as an extractor in place of a drift key:thinking:
It holds it all together and yes helps disconnect too. Sears sold many attachments for the drill press back then, like the planner head. I think the engineers wanted to make sure that nothing flew off under power, like the planner head. That would hurt! So maybe they came up with the threaded collar idea?