Hi Lenny

My Talon came with the #2 jaws and I bought the regular spigot jaws,
reason is I want the holding power of the regular jaws, if my turning
is too fragile I will hold it some other way, glue it to a waste block,
wrap masking tape around it or some other way, I turned some miniatures
in the last 2 months, some of which have a wall thickness of approx.
0.6 mm/23 thou, no way am I going to hold them in my chuck jaws, smooth
or otherwise.
As for the Milwaukee I have one for a number of years, and use it only
if I can not use my regular drill.
2 reasons for that:
1) I paid about 4X the price I paid for 2 other drills, (1 slow 1
fast) they where on special at HD.
2) The Milwaukee has a history of burning out the rear bearing, then
ceasing and spinning in its plastic seat, ruining the drill.
The drill was never designed to drill for the length of time we sand
and the dust and grit are also not good for its health.
Blasting out the crud with compressed air and/or replacing the bearing
with a sealed bearing is recommended.
I use the regular 1-2-3" velcro sanding holder and paper as I use on my
other drills.

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Have fun and take care
Leo Van Der Loo