Quote Originally Posted by m_c View Post
It's actually to extract the collet from the holder. If you don't clip the collet past the offset lip, then the nut doesn't pull the collet back out when slackened, which can leave you with quite a big headache. Off course not clipping it in also causes uneven clamping, which can lead to excess runout and things not being as secure as they could be...
Of course you are correct My bad.