Hi katran
Just dreaming ...
Did you consider using plastic bushes instead of double ball bearings behind the chuck?I am just wondering as the chuck would not be spinning fast at all. I have been using nylon bushes on ground 20 mm steel shaft for a tool&cutter grinder I made, and that went fairly well. Of course, the loads would be higher on a 4th axis, but if the ID was something like 50 mm, the surface pressure on the plastic could not be very high.
Cheers
Roger