I have done a (small amount) of digging on this, mainly because I have a bit of a "DDR fetish".
Googling the visible model number on the picture above gets several pictorial hits in German, most being obsolete sales listings. Obviously used examples are frequently heavily sawdust encrusted & there are couple that are shown attached to woodworking lathes. This listing includes a picture of the original chuck box, with pictures of turned wooden objects & also a picture of the chuck that I think I can see an adapter bush fitted into the back of the chuck – the faceplate alongside has a much smaller mounting thread.
So it may be that the M32x1.5 thread is provided to make the chuck a "universal" item, being adapted to fit the lathe spindle nose with a bush (M32z1.5 outside, lathe spindle thread inside) as required.
Nigel B.
To see the pictures, click on the greyed-out image that says "geloescht" & the original pictures appear. Scroll through to get to the chuck packaging etc.
Edited By mgnbuk on 14/02/2023 16:29:57