Hi Richard,
Many years ago I had a similar problem with my then new ML 10. The actual register of the Grip-Tru chuck was too small, and that was down to Pratt & Burnerd, they were not cheap, even then.
As regards the supplier checking the thread against another machined part, then this is asking for trouble. Unless the "Inspection Parts" have been checked to see if the threads being used conform to the "Go" and "Not Go" sizes of a Screw Plug Gauge, then this approach is useless. Plus using the Myford spindle as a gauge is checking several conditions at once, and for one thing does nothing to actually check the true size of the Register diameter. The Register diameter on the Spindle, will always be smaller, it has to be to enter the hole. This hole could be 0.25mm or 0.010" oversize and the spindle will still go in. This size of Register would probably not do anything to help the concentricity though.
I suspect from what you have done with your 3/4" tap is restored the correct Crest Radius on the thread. No doubt the Tap, or screw-cutting insert used to produce this thread has become worn on this radius, and this is where the undersize condition actually was. This problem would have been found if a Pukka Screw Thread Gauge was used to check the part. As the "Go" gauge checks the form, pitch and size of the thread. The "Not Go" checks the maximum Effective diameter and looks like a severely Truncated thread, with the top half of the thread ground down to the Max effective diameter.
Lastly, you say you have put a clock on the Chuck. I have seen several posts where a clock has been put on the Body of the chuck. I for one would not expect this diameter to be "true", or "spot on". Nine times out of ten it has only been ground to make it look pretty. This is probably done on a centre-less grinder, and can be anywhere as regards concentricity, as its function is irrelevant to the working of the chuck
Gripping a ground diameter in the chuck jaws is the only safe test for concentricity, as this is where it matters. An old "Gudgeon" or "Wrist" Pin from an internal combustion engine is ideal for this, or a Hardened Dowel Pin.
I hope these notes are of help
Regards
Gray,
Edited By Graham Meek on 25/07/2021 11:43:49