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A: That's because you bought a virtual label chuck. There will be a slight angular deviation between the center axis of the collet chuck and the center axis of the spindle, which will be magnified by the length of your tool holder.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.