Thanks so far for the education, although I'm not sure why someone referred to a wood working supplier.
Within the limits of my present capacity, MT2 collets with a draw bar will certainly accomplish what I need, which is to hold small round stock without destroying the work. They will make short work of turning some mounts to get my milling machine motor motor mounted correctly. This will be a step forward.
I just yesterday had a problem with a retailer (name will remain undisclosed for the moment). I ordered center drills that turned out to be junk.
Please let me know where to buy an MT2 collet set, threaded for a draw bar,1/8" to 1/2" that ISN'T junk, or isn't really the brand that it purports to be.
Or should I get used one(s)?
None of the above.
MT is simply a poor choice for collets, even if Morse themselves made them, Chinese owned as they are.
Put an ER system on the spindle nose. No drawbar, just a spanner wrench. It will allow passing long stock right up to the spindle's bore diameter - no drawtube taking space, and allow gripping shorter goods LARGER than the spindle can pass at all.
You do not need the volume-production cycle-time advantage of the "spring" collet families. MT doesn't release as well as others even if you did. It wasn't designed to BE a collet system. That was an afterthought. AKA "deferred brain fart".
MT #2 is silly-small and in the way regardless - wastes more of the available diameter even before it gets a drawbar.
And "oh, BTW?" Damned near ALL of our "Old line" legendary machine-tool builders began their existence making WOODWORKING machinery. It was what we had the most of at the time to make stuff out of.
That gadget linked wasn't made on a wood-turning lathe out of MDF. It could be good enough. It may also be one of the few that FITS your spindle right out of the box. Price a Bison 5C key-operated nose-closer on D1-3 or D1-any...and count it not such a bad deal, price-wise, either.
Doesn't sound as if your lathe is running one of the industrially-common A, L, D-1 taper-mount spindle nose systems, anyway, does it? Fewer choices of "nose art" are open to yah if not.
Prolly need a better lathe, actually..... all this "MT #2" and spindle-mount Jacobs were on an "M6" @las lathe-shaped-obect only time I recall much of them... but first we slither, THEN we crawl..
Walking, trotting, then running are a ways off, yet, and by then, you may have such of a thing as a better lathe?
"Hang in there". But don't waste yer time nor cash on "hanging" off MT #2 collets.
PS: "1/8" to 1/2" that isn't junk?" Sure you want to know the answer?
Go ogle "Webster Whitcomb", "Schaublin", (Levin, Ames, Stark, Derbyshire, Wade, Hardinge....).
Small and GOOD is not the same as "cheap because it is small".
If it were OTHERWISE? Half of America would have a six-pack of spare hard-ons stashed in the freezer for their Old Age. But "There Ain't No Such Thing As A Free Lunch", regardless of their intended use after all. .