Well i hade to revisit this project.. Doing this in version one with a threaded ER32 collet onto a shank.. was waste of a good collet holder.. the runout got evident after a while.. So heres version 2..
This time around i made it out of a 45mm piece of C45E axle i had lying around. The runout is still around 0.05mm which is not terrible in my book, not good but not terrible either. The runout problem is now relocated from a thread to the actual 8 degree cone for the collets.. So that will have to be sanded by hand watching bad action movies from the 80s. (Punishment)

Otherwise, i made a tool to cut the 45/5 degree buttress thread that is a 19.75x1.666 thead, by recalculating the gearing in my lathe after setting it to 3mm thread pitch in the gearbox and off we go. It worked like a charm, the freehand ground threading tool hit jackpot on the first attempt

, and making the thread a bit tight was better for the Aciera drawbar.
http://www.roughedge.se/blogg/2013/03/16/w20-er32-version-2/