Colin,
For polished mild steel bright finish – Start w 80, then 120, 160, 200, 400, 600 ,800, 1000, 1200, 1600, rubbing compound, polishing compound, jewellers rouge, then wax.
For hard tool steels you can go farther, with diamond polish paste C, then diamond B, then diamond A, then wax (and sunglasses). The diamond polishing is effective on hardened tool steels, but the finish will not last on mild steel if in fact you can even achieve polish so don’t bother, for 99.9% of ME work.
If you are going to paint the mild steel surface, there is no need to go higher than160 or 200 grit.
Collets are work or tool holding fixtures. They are usually cylindrical and have some sort of compliance built in (saw cuts lengthwise or rubber segments are most common) so they can squeeze the workpiece concentric to the collet centre. Usually there is a taper on the outside diameter to help the collet grip, and a thread is often used to pull the collet onto the taper and hold it to grip the work. Collets are usually hardened steel. There are many types of collet for lathes and mills, the common ones being Morse 3 taper, 5C, R-8 and ER. Usually a special chuck is used to hold them although Morse taper ones can be used directly in a matching size MT female spindle on a lathe or mill. When you buy collets you can buy a set of common sizes or individual ones. You can also buy soft ones that can be bored out to suit special jobs, called “emergency” collets. In a lathe collets are great for holding small work concentric to the spindle and they allow good tool access to small work. In mills the R-8 ones are great for holding endmills and other cutters.
John, re indexing – your description is very good. I would only add that the three most common indexing methods for ME’s are using a dividing head, using the collet type spin index with dividing plate, and using the bull gear teeth on a lathe to index, in combination with a stop pin or strip. To see pics of the spin index and dividing head use google or try
http://www.kbctools.com.
JD