Let me first say that everything NC cams is saying about the bearings sounds right! (as in I am not disputing anything he is saying)
Now! Who is making the spindle housing? and do you have clean room facilities and microscope inspection equipement? You guys are talking microns, do you know the size of an average dust partical (not to mention the nasty metalized type dust in a shop environment)
If not, anything above abec 5 (japanese not the cheepise) is probably not going to do you much good.
I have built about 5 spindles for various purposes in my time (definitely not an expert) The current incarnation is using good quality abec 3 tapered bearings in my cheap chinese mill spindle, runout is less than .0002" not bad for throwing it together. Now keep in mind at the speeds I am going to go (roughly 7k rpm) I will probably blow this thing to he!L and gone. But, its just a test to see how much I can get out of how little. Every one of the spindles I made with varying precision/care have turned out less the .0005" runout.
That being said if its a light duty mill you will probably have more deflection than anything else so this problem is mute.
just my 2 cents.
thanks
Michael T.
"If you don't stand for something, chances are, you'll fall for anything!"