bought an inexpensive collet set which came with runout issues.. it is a mt3 spindle insert into the head stock and has no runout measured right by the headstock spindle.. the taper in the collet holder is basically dead on measured at several depths ( which is great ) .. problem being the od of the holder body and threads for the lock nut (bearing type) are out about 0.004 which throws the od of locknut out 0.004 when installed.. im sure this imparts issues on the inner workings of the collet nut when trying to tighten collet into holder.. im thinking about taking a couple thou off the threaded portion of the holder od to help align nut to holder body .. any thoughts b4 i whittle it down ? thanks stirboy