If you are referring to the D1-4 ER-40 chuck from HHIP, I have no clue why their concentricity is so out of whack. I do wonder how folks are measuring concentricity and whether or not they are using quality collets and an accurate pin to measure run out. The nut that comes with the HHIP chuck is typical Chinese quality and the nut, all by itself, will introduce some run out. Chinese collets may run out with double or triple the run out of a quality collet. So, is it the user, the nut, the collet, the pin or is it actually the chuck?
My experience with the HHIP chuck was that it was an amazingly accurate chuck for about $70.00.