I'm not precisely sure what the O.P. is trying to do.
I have an S7 and I hate bashing the drawbar to release taper fittings like collet chucks.
I just got myself a 1" length of 3" dia steel bar and made a protector. I bored out the middle and screw-cut a spindle nose fitment into it. It's just a blank bit of 3" bar that goes onto the spindle nose. You can still stick MT2 fitments through it, but when you need to remove them you can put a pry bar between the protector and the back of the collet chuck, boring head, jacobs chuck or whatever.
Certainly it sometimes releases with quite a ping. Usually I undo the drawbar a couple of turns only, before using a lever to ping it. That way the drawbar catches the attachment rather than it launching into the bed. Once the taper is loose you can just unscrew the drawbar with your fingers.
I never do the protector up more than hand tight. It needs nothing more.
The lever might seem brutal, but if you smash the drawbar and the taper does not release, then the energy is absorbed nowhere else than the bearings.
With the lever, you only apply force to the wedged components.
P.S. You might be tempted to unwind the protector into the back of the MT fitment. I wouldn't recommend it because the thread on the nose isn't up to it. You could make the protector into two parts that screw together. With the protector wound against the register on the spindle nose, the register takes the force. Then you can make your own square or acme thread on the protector which can be used to drive an MT attachment out of the nose.
It's more complicated to make, but the acme or square threaded screw-jack alternative is a better solution.
Edited By Andy Ash on 18/01/2016 22:23:22