OK, I am a sucker for new toys and today my PSI collet kit arrived from Amazon. Anxious to give it a try I drilled the appropriate hole in a test piece, seated it properly, tightened it up as best I could and brought up the tail stock. I then proceeded to make some cuts, coves and beads. Nearing the end of the exercise I let the shallow roughing gouge drift towards the headstock. BAAAMMM!! The collet exploded and pieces of the chuck section went flying into the walls. Fortunately I was not hurt by these "bullets" and the only real loss is the o-ring that holds the 4 sections together.