Hi Allen
The rear end of the taper shank of the flycutter should be tapped. The draw bar is a length of rod with a matching thread which will screw into this – a length of studding is OK. The rod is long enough to pass right through the mandrel and it secured ( by a nut and washer if studding is used) against the back end of the mandrel and thus retains the MT shank in the socket and prevents it flying out. Do not use the fly cutter without the draw bar!
So in this case forget the collet chuck – in any case I don't think mounting a flycutter needs the precision of a collet chuck and a straight shanked flycutter should be OK in your 3-Jaw. In fact I would prefer a straight shanked cutter held in a chuck. There is a danger with the MT one that, if you take too heavy a cut, it might slip with consequent risk of scoring the MT socket .
Regards
Norman
Edited By NJH on 21/10/2012 10:11:37
Edited By NJH on 21/10/2012 10:13:49
Edited By NJH on 21/10/2012 10:16:34
Edited By NJH on 21/10/2012 10:20:32