All I can say is steer clear of "cheap" / Chinese junk.
http://http://www.homemodelenginemachinist.com/showthread.php?t=16467
See my comments at the above link. Also tips from other members.
I just don't see any point in a collet that's less accurate than I can accomplish with a MkI eyeball in a 4 jaw.
Whatever you buy, mount it on a piece of turned (to true) stock and go over it with a dial gauge if it won't come in under 0.001" TIR send it back.
Regards,
Ken
Ken if it were not for Chinese Junk there is a lot of people out there that could not take part in this hobby me included,
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