I don’t know if you can do this on the Warco, buthis was the solution for my ARC X-2:
I thinned down the top lock nut on the spindle, allowing me to fit a tall steel cap on top (left hand thread – I think it is 2mm pitch but check this!) This cap has a large central cavity but a smaller hole on top. I made up a draw bar with a 1/2″ thick steel disc silver soldered on it and made a 3/8″ BSW therad at one end and an 8mm square on the other.
The dimensions are such that when tightening the drawbar using a spanner on the square the disc clamps tightly on the end of the spindle. Fit the cap over the drawbar. When you want to remove the taper, screw the spindle out and before it fully disengages the disc pushes up on the inside of the cap. With modest force even the tightest taper pops loose with the chuck etc. safely dangling on the end of the drawbar.
Yes there is some cut’n’try to get the dimensions spot on, and yes I really MUST get around to making a metric one to match!
Neil