I would get a needle file, pair of magnifying glasses, recut those threads as best I can, buy a new collet, and get her going. Or, buy the die for the threads, should be about 1/2 28? I know it is a fine thread, the die will be expensive, or take it to a machine shop and ask them to do it. But get the collet first so they can try it. The new armature is expensive, I replaced one once. I bent the armature.
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