My taps are held in ER25 collets! If things get tight, the Tap slips in the collet, saving a broken Tap and scrap job.
Some long time ago there was an article in MEW describing making a drill/Tapping extension for a vertical mill. (Can alo be nounted in the Tailstock, and used in the lathe.
It had the ability to drill and then, by disengaging the drive pin, tap manually, with the Tap, held in the drill chuck. It is also possible to hold a knurled ring whilst the work rotates, to tap small sizes.
Howard