Got the vise done today. Will put the jaw liner material on tomorrow and will post pics very soon.
BTW when you install the 2 vise screws be sure that you use all 4 bushings that he shows you in his hand and the 2 washers. I had missed installing one bushing on each screw and had to remove the lock ring to install them. Not fun. Using the handle to install the lock rings was a clever desing feature.
When that happened to me a couple of years ago, It happened repeatedly no matter how much I tightened the collet. I believe that It happened because I was inserting the bit all the way to the bottom and the collet would not tightened properly. By repeating the mistake serveral times I damage the collet. New collet and raise the bits up about 1/8" from the bottm and have not had the problem since.