Tony,your explanation helped. Back in the 70's,even my NOS 6" Union chucks ran .003"out,and I considered that as good as it was going to be. I couldn't afford adjust-tru chucks and the like. So,this could push semi-loose jaws a little. Good idea.
These days,my Bison chucks run VERY true,and I actually use collets most of the time on the HLVH. On my 16" lathe,I snared a Cushman collet chuck that takes #215 collets,which are MUCH larger than 5C's-and apparently as rare as hen's teeth. I have,except for 1 or 2,the whole set. I'd have to look,but I think they go up to about 1 1/2",maybe larger.
These days,my Bison chucks run VERY true,and I actually use collets most of the time on the HLVH. On my 16" lathe,I snared a Cushman collet chuck that takes #215 collets,which are MUCH larger than 5C's-and apparently as rare as hen's teeth. I have,except for 1 or 2,the whole set. I'd have to look,but I think they go up to about 1 1/2",maybe larger.