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Quick change Tormach 5/16″ suitable for general milling operations and are intended to be used with end mills that have
a Weldon shank (flat surface on shank). They can also be used with certain Silver & Deming style drill bits.
The tool holder has a set screw on one side and a balancing dimple on the other side. The balancing dimple reduces vibrations at speeds above 8000 RPM.
See Chris’ Tips regarding centering of end mills when using a set screw holder.