Coarse pole mag chucks are best for THICKER and larger parts. Fine pole mag chucks are best for THINNER and smaller parts. The heights of the magnetic fields above the chuck are proportional to their spacing. The holding power will be minimal for much lathe work, compared to a regular chuck, and light cuts will be be necessary. I think I would prefer the brass spacers over the white metal ones. The white metal ones are made out of something similar to Babbitt metal. Both are soft, as are the chucks themselves, which are made from mild steel for better magnetic properties and less residual magnetism. A fine India stone will be your friend with these mag chucks, get used to feeling for burs with one before mounting anything to the chuck. I would prefer to grind the chuck in while mounted and turning on the lathe, perhaps with a tool post grinder, but it would sure be messy! Still, all in all a very nice score, and a useful tool in the arsenal...