I fought these chucks for 2 years to get them to spin a dead center true..... swore a lot and tried a lot of different things , called Chris Hightower...........,until I found out how to use them............
First of all...... The work piece does not need to run dead nuts true....... I know some people prefess how they work within a few tenths and how true their cues are........... The truth is if you can get a tip, a ferrule, or any part of a cue within about 1 thousands of an inch (.001) everything will be perfect.
Just a couple hints..... first one hole in the chuck will center better than the other 2. Put a ground pin in the chuck and indicate it, Loosen and tighten it a few times and spin it and watch the dial indicator each time to see how true it is. Do this with the other 2 holes and you will see that one hole is best. I put a ***** punch mark by this hole and usually use this one to tighten the jaws.
The other hint is that those little collets for shafts never worked for me. I wrap the shaft or the butt with a piece of .020 plastic shim stock. The piece of shim stock is about 1 inch by 3 inch. Just wrap it around the shaft with the ends sticking out between 2 jaws.
Put the shaft in the chuck with the shim stock wrapped around it and indicate it. Loosen and spin it 1/3 turn and try again......until you get it within 1 thou run out............... I do this and I never have to shim any shaft or butt........ there have been a few exceptions that were crooken as a pretzel
You could also try cleaning and lubing the chuck..... you might need that silly 1 inch spindle wrench from Taig to remove it from the spindle. I bought one about $6. Fully close the jaws and them remove the chuck. Put it face down and remove the snap ring.... remove the scroll back plate.... leave the jaws where they are...clean it and lube it with white lithium grease..... put it back together and put it back on......................... takes about 10 min
There are some that feel that you need to bore the jaws to true them up. Things do not run true because the jaws are not true, they run out because of the way the jaws clamp down on them. I have bored the jaws twice in 4 years and I don't think they needed it either time .......... I find that lightly sanding the jaws helps if there are chips, dirt, or burrs on them. Open the jaws but not all the way...... wrap your finger with 220 and sand each jaw in and out a few times to polish them..... it helps a little.
One last thing I learned from a talented machinist, If you are trying to bring in the runout the last thou.... sometimes you can give the high jaw a tap from a small rubber hammer or a block of wood to get it to run true.... it works....