Here is what I did to replace the original QC chuck with a modified RC Eliminator chuck.
The RC chuck use a screw and a wedge to hold the bits. It takes only 1/2 turn on the screw to unlock or lock the bit securely. 1/4" bit need a sleeve which you can order where they sell the RC chuck. I used the RC chuck for Bosch router. I do not know if the other type of RC chuck can be used.
The first step is to remove the QC chuck from the machine. A 7/8" flat wrench and a square bit is needed to unscrew the QC chuck. I use a 3" long .5" dia steel rod fitted in a 1/2" bit adaptor to heat up the QC chuck. Direct a short flame to the steel rod while slowly rotating the QC chuck by hand. Be patient. The heat will soften the threadlocker glue that prevents the chuck from loosening. Try to unscrew the chuck with the flat wrench and the square bit inserted in the same place the flex cable goes. Using a ratchet to hold the square bit, set the ratchet to unscrew (counter-clockwise looking from the top).
The RC Eliminator chuck has a nut and a conical shaft (much like a collet), so it won't fit into the machine's spindle as is. Saw off the nut with a hacksaw, careful not to scratch the shaft of the chuck. Once the nut is off, you have one solid piece of steel. Remove the locking screw and wedge.
With a lathe, remove just enough metal on the shaft to make it fit inside the CW spindle (around .536" dia, if I remember right, make sure you measure yours correctly). Precision is critical here, minimise runout as much as possible.
Make a bit stopper with a steel washer, same diameter as the RC shaft (see diagram) That will give a reference when you change bits for the machine to check the bit depth.
Once everything fits, apply metal epoxy and hold in place until glue sets. In my case, I arranged it so that I could monitor the runout as the glue was setting and make corrections.
That's it! Looks simple enough, but make sure you understand everything before proceeding. If you make a mistake or want to go back to the original QC chuck, you need to replace the spindle or the whole Z-truck assembly.
This mod has worked perfectly for me and at the time of this post I have 60hrs+ on it without a glitch. Bit changes take about 30 secs, without oiling nor cleaning.
here are the pics of the RC installed:
http://www.flickr.com/photos/2305418...n/photostream/
Hope this helps.