Now I can burn tools and make things way under size etc etc ... but I'm getting by
I know how you feel, I've only just started to learn how to use a lathe properly, general turning is easy, getting two parts to fit together is the hard bit


I wanted to use a keyless chuck for ease of use - I'm going to try it and move on from there...Ive just got a dremmel type mini drill with a keyless chuck
I may be wrong but I think you mean a collet chuck? keyless are like the ones on a dill with 3 jaws. A collet chuck is like on a dremmel where the bit is held by a tapered and slotted holder, compressed by the nose cone(? thing, bit:heehee:)

A collect chuck is far superior in all aspects including grip and run out, and is what most people use for cnc, Check out the ER 11 range for what you need.

Just out of interest what lathe have you inherited?