Originally Posted by
juergenwt
tgd- don't panic! I assume everything is brand new? First make sure the chuck is "on" clean. 3-jaw chuck, you will have some run out. You are not looking at some real precision equipment here. If the chuck runs good, than I would say the jaws are not very good, but with a three jaw you can easy have .004 run out. Try re-clamping a few times with an indicator along side. Also a slight tap with a piece of lead or copper could help. How far out are you cutting? Let me tell you that even with a precision 6jaw you will have problems holding within .001 TIR. I think you are asking to much from what you have got.
As far as using "Master Jaws" and than boring out soft jaws to get more accuracy-forget it. Those are mostly used to .hold "special sizes". You will NOT repeat within .001. To do this right you will need a lot more experience. Save you money.