So, I picked one up along with the D1-4 backplate. They don't offer it pre setup. The backplate they recommend is 202-7048.
Packaging was good, no significant damage in spite of signs of rough handling.
I unpacked and cleaned up both parts. So far, pretty good. 2 things I don't like. It doesn't come with a spanner for the nut. That's like selling a 3jaw without the key. I have one that came with the lathe that fits it though. The second is that the threads have chips and lubricant in them. Mildly annoying, but given the price I guess I'll live.
I mounted the backplate on the lathe and got the pins set up. It sits nicely on the spindle. It needs to be turned to fit into the chuck. Looks like about 0.1" diameter reduction. That should make it as concentric as possible with my spindle, which is probably the point. Assuming I don't screw it up.
Indicating on the OD of the mating surface shows about 2 thou runout. Doesn't really matter I suppose since I have to turn it anyway. I just wanted to see where I was starting from. The face was within 0.0005.
Looking at the chuck, there are 4 set screws around the OD that thread into the mating surface. So I suspect I want to make sure there is a little play in there. Perhaps 10 thou? There are also 4 threaded holes in the front that look like you can use them to adjust the alignment that direction as well, though it did not include screws for those holes. I guess I'll add them if needed. Should the front end of the ER40 taper be accurate enough to adjust that?
I'm reading up on turning cast iron, but hope to have it mounted and indicated over the weekend.