My drill press has a slight wobble in the chuck that makes it difficult to line up the contact point of the bit and the wood when it is rotating (on a 1/8 inch bit the wobble is roughly the width of the bit). I've checked to make sure there is nothing stuck in the jaws, and I've checked to make sure the bits are actually true. What is the best method to go about adjusting the chuck itself?
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1What brand and model is your drill press? There are a couple different types of quill mechanism and ways the chuck is attached. – scanny Oct 10 '16 at 19:23
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I meant to put a reply yesterday but @DaveSmylie has you covered I think. Some slight wobble is normal/typical (called 'runout') but 1/8" wobble at the end of the bit sounds really excessive though! – Graphus supports Monica Oct 12 '16 at 8:58
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If you have a dial-indicator to check alignment, you can often fix it with a couple of well placed smacks, or worst case - popping the chuck out and re-sitting it to fix the alignment issues.
I had similar issues with my el cheapo drill press and used the info in this PDF to resolve: