The only reason I can think of that anyone would want to waste their tme with a collet chuck is because they have a lathe with a small spindle bore. If the machine has 1.375 or bigger bore I wouldn't even consider a collet chuck. The import chucks for the most part have so much runout they defeat the purpose of using a collet. The brand name chucks are priced pretty much out of the hobby market. Drawbars are easy to make, or if the bore is too small, soft jaws work well for multiple parts. Just my .02.