Quote Originally Posted by mitchejc View Post
I'll play around a little to see what the no load current looks like at different frequencies and take it from there.
If you're keen you could take several readings, graph them then use that as a look-up table or function to subtract from the on-load current in software, on an Arduino (or similar), then connect a display... In fact you could do it quite easily with an Arduino, current sensor and display:

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Quote Originally Posted by mitchejc View Post
The though had crossed my mind to put a thick glove on and gently apply pressure to the collet nut but I'm way too scared to be the first guy to try that :-)
You wouldn't be the first ;)