I have now taken the third measurement, as close to the chuck as possible without crashing the indicator using three different broken endmills in three different collets. One of the mills has some engravings on it but the last one (0.25") has no visible markings.
The setup is:
PM ER40
chuck ("Very High Quality collet chuck")
PM ER40 metric
collet set. ("
Precision Ground Clamping Surfaces, max runout .0005″")
RegoFix HiQ
ER40 Bearing collet nut. Torqued by hand, factory spec is ~130 lb-ft
I understand tolerance may stack up, but 1.8 thou is a lot, isn't it?
Can you please point to a video or a write-up of this method? I have no idea what you are talking about. I do appreciate your willingness to help a beginner.