Speaking of Low Profile, you won't get any lower than a Peterson Flush Arbor. There's
nothing below the wheel cutter or saw.
Dunno if you can make it out in the pics, but the SHCS only pushes the inner sleeve further up the taper on the arbor, causing it to expand and push outward on the saw. This takes out any clearance that migh exist between the saw and the arbor, for best concentricity. The twist is taken by the key, so it's not possible for slipping to tighten it further. it always loosens as easily after use.
Mine is '70s vintage but they're still made, by a different manu now. A bit pricey, I wouldn't buy it new, but I got mine used on ebay, cheap because it was missing a part. Seller apparently didn't know you can still get all the parts for it. I have sleeves for 1" and 1-1/4" saws, and lots of spacers in various thicknesses. You need a spacer stack that puts the saw right at the bottom of the arbor, for it to be truly flush.
Mine is R-8 obviously, but I don't think they make that anymore except as a special order. I think a 3/4" straight shank is the default now, though you can also special order Cat40 or other shanks.