If you are going to use a shop vac you need to have a small nozzle positioned where the chips come off. A small nozzle will have a faster intake speed. If the intake air speed is not faster than the speed the chips fly off you are unlikely to suck them up. Because of this the crevice nozzles tend to work better than the round end of an extension tube. The crevice nozzle for a 1-1/4 inch of 1-1/2 inch diameter tube will work better than a 2 or 2-1/2 in diameter tube.
There's a hybrid approach possible as well.
If a shop air nozzle can be "aimed at" the (generally now LARGER, even funnel-shaped..) intake across the path of the chip & coolant exit stream, adjusted per Bernoulli'isms,
et al, the two working together may be able to
dramatically boost the capture percentage.
Nuisance work to "tune" for onesies. Calls for a better continuous duty class of rig than the average "shop vac".
Get the fluidics and Venturi effects right, no shop vac needed.
"Calypso" lifted a great many antiquities off the seabed by simply injecting compressed air at the mouth of a large tube, seabed level. No suction pump atop at all. The expanding air bubbles and water froth then carried sand and old treasures upward to drop out into a net, Calypso's deck, water through headed for the scuppers, and back overboard.
Might fit the payback of a "lights out" process?
Air can be right effective stuff. See "Dynamite Cruiser, Vesuvius" and the shelling of Cuba.