Don't necessarily put the run-out down to your "cheapo" collets. I made a similar ER25 chuck and at first had a few thou. run-out, similar for all my collets despite the taper running true. I thought that this might be due to making the screw-thread a wee bit too tight, so took off a shaving. Sure enough, the run-out reduced to less than a thou. at which I'm quite happy.
Clive
Edited By Clive Brown 1 on 11/11/2018 14:33:07