On the basis that 4 1/2 years late is better than never..
FWIW, a Major with MT..
Decided that a 'ring-immediately-above-the-taper' wasn't going to work for lack of room. Investigating the top of the spindle revealed a recess of convenient dimension to accept 5/8 BSW thread (11tpi) – coarser than I would have liked, but with the reat advantage of being able to be cut in situ without disassembly.
A sleeve nut was bored 10mm, through which was passed the suitably reduced portion of a 12mm drawbar, with a 19mm AF hexagon cross-pinned above to retain it and give a spanner-hold.
Some attempt at concentriicity, squareness and 'fit' are desirable for smooth operation, the spindle bore being long and tight.
It's been fitted for a few weeks and some dozens of tool changes, and has performed faultlessly using a ring spanner c. 150mm long to secure and release the tooling. Nothing has spun and nothing has taken anything harder than my hand to release.
Although at first sight a 1mm land seemed a rather small area with which to eject a morse taper, when circumferential to a 12mm bar it provides a respectable total area that feels both adequate and positive.
It'd be interesting to see if it would hold up for R8 use.

