OK, I think that's more than enough about what you should expect from our type of standard 3 jaws.
Just like a lathes ways, the chucks scroll and jaw teeth will slowly wear over time and at varying points depending on the size of work you usually use it on. The jaw tips can also wear from work moving around inside the jaws while the chucks rotating. A shaft with a slightly offset center drilled hole with the tail stock center supporting that end can make the work move around for example. No it's not very much, but the work can and will move. The slots and grooves that the jaws slide on also wear. Depending on the hardness, either the jaws or the chuck itself, or even both parts can also wear. But it's very important to note that even the best chucks in the world have clearances built into them right from the manufacturer. Without that very small but important clearance it would be impossible for the jaws to be adjusted.
So, you have to either regrind your chuck jaws or replace the chuck. New jaws can be bought if your chucks a good one and still being made, but that doesn't address the chuck wear. There is only one single method of chuck regrinding I know of that does provide a proper way, and even more important the proper DIRECTION of pre loading those chuck jaws so they can be accurately ground. And it's certainly NOT shown in that YouTube video. In fact it's physically impossible for that method to work and give you correctly ground jaws. Those plates with the clover shaped design cut in it are the only way I've seen yet that allow the internal jaw tips to be ground straight. Due to those built in clearances every chuck has, the jaws tilt a fraction of a degree in each direction depending on which side of the jaws your using. It's not a manufactuering defect they do this, it's just how the design works. So you have to load those jaws and grind to compensate for that jaw tilt to end up with straight jaw tips that grip there full length.
But there's a bit more to this than it first seems. Unless you go the extra mile and do the very best you can while machining that plate you won't get the best accuracy, and that defeats what your trying to do. That plate really should be at least the same thickness as the jaws protrude from the chuck's face,and have properly bored holes with an excellent bore finish so both sides of each chuck jaw bear evenly on it. Just using simple drilled holes could be enough to slightly shift the jaws. Boring those holes is the minimum in my opinion. Regrinding the jaws in a well made chuck is precision work, and it should be treated as such.
So to back this up even more, your very first step is to tear your chuck down to it's basic parts for a thorough cleaning. On good chucks, you should mark each and every part so during assembly all the parts are returned to there exact same position. That's especially important for the pinions. Any chuck that has that mark means that pinion is the master location that the chuck was originally ground to by using it. And using a bit of logic, your going to need to repeat that chuck dis assembly and again clean it after grinding the jaws. So there's much more to doing this correctly than far too many posters understand.
But if you read what I've tried to point out, you should be able to understand that even top quality chucks aren't and can't be all that accurate. But no matter how expensive or cheap your chucks are, it's very important that the jaw tips are square to the lathe ways. If there not then smaller work can and will flex away from the tool tip.
I hope now you know what took me a very long time to research and learn. And none of this are just my opinions, if you care to research it enough, you'll find the same information I did.
Pete
Edited By Pete on 07/06/2014 15:28:37