I just got an ER 40 collet chuck for my mill. My spindle has a little less than .0001 runout. My cheap R8 collets with a rod in them have .0001 to .0003 runout. The ER 40 collet chuck had almost .001 runout on the inside taper. I contacted the company and they sent me a new one. They advertise .0001 TIR or less. The new one I got I am measuring .0007 on inside taper. When I put a collet in I get .001 runout on a ground pin. Am I being overly demanding to be concerned about this? Its a higher end taiwanese chuck and not an ebay special. One other question, (that I cant seem to find any answer to on the internet): is it bad for the spindle bearings to change ER collets with the chuck still in the spindle? Id think the spindle, just doing its normal job, sees alot of lateral forces. thanks for any advice.