This Design is similar into the 4019 in that it works by using an ER16 to the jaw chuck. That means it only grips at 3 to 4 points, which often can have an affect on precision, but is arguably combatted through the use of other accuracy-focused elements like ball https://www.antsmachine.com/what-are-the-application-ranges-of-universal-lathes.html
The Ultimate Guide To CNC Vertical lathes
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