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Drill Press Runout?

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asport22

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What's a reasonable amount of runout on a drill press? I've got an older import with a newer chuck. Using a cheap dial indicator, the Jacobs taper looks pretty good, but a ground shaft chucked up shows a little runout. I'm not surprised at that, since it's not a collet, but I don't know how much is reasonable.

Thanks!

Warren
 

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