Does anyone have a chart showing the limits of a Morse Taper shank by MT
size?

Obviously, a MT2 can handle less than an MT3, etc. However, I'm trying to
figure out if an MT2 can handle a specific load...

If it matters, I don't think it can and the load is as follows:

Form tapping 1010 steel
1/4-28
0.620" deep
six or seven holes at a time

Regards,
Joe Agro, Jr.
(800) 871-5022 x113
01.908.542.0244
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V8013-R