Hi Stewart,
I've just gone through exactly the same experience with my own M type; no matter what I did the chatter would occur on anything but the finest of fine cuts.
Adjusting the bearings wasn't as simple as the manual suggests. I found that when I pulled up the big bronze nuts to the point where the spindle wouldn't revolve and tightened down the adjusting screw / oiler I'd got just one shot at it, the process isn't reversible so I couldn't fiddle about looking for perfection. It's because when you ease the screw back, the little lozenge piece it bears on doesn't recoil, it just stays put. So lesson one is to get it right first time and then leave it alone.
Even when I'd done that the chatter was still all too apparent. I eventually worked out by (tedious) elimination that it was caused by a sort of concealed end float. The spindle in mine was scored; not badly but enough to be concerned about. On the shaft near the oiler holes I suspect cast iron or something had found a way in down the oiler hole and done the damage. When I adjusted the end float with the ground collar that bears on the exterior of the headstock spindle nut, I found two conditions; chatter or overheating. Loosely finger tightened gave chatter, a bit tighter gave rapid heating and squeally noises.
My conjecture was that the scoring was enough to resist movement from a finger tight collar, but not enough to stay put under the pressure of the cutting tool. There isn't any much lubrication between the collar and the bronze bearing so when they are brought together under pressure there's a lot of friction. My solution was to place a small needle roller thrust bearing between the two, (ie the bronze bearing nut and the ground collar).
Result …… chatter gone never to return. If you think this dodge might help let me know, and I can steer you to the bearing supplier. The one I got is an imperial size and a dead fit, no fiddling about required at all, and cost buttons from a UK source.
After I fitted it the note / noise from the spindle rotation was quite different from what it was before which was a bit off putting but it works well enough; I'm turning silver steel at 1050 rpm with a positive rake carbide insert nae bother.
Eug
Edited By Eugene Molloy on 22/09/2014 16:47:25
Edited By Eugene Molloy on 22/09/2014 16:49:02
Edited By Eugene Molloy on 22/09/2014 16:51:57