I suggest getting a 3/4 straight shank, then cut it in half. The R8 arbors require too much clearance under the quill. Not that big a deal if you have power knee. I just checked my Albrecht which is mounted this way on a $4 Chinese 33JT to 3/4, .001 TIR.
Don't over think it, it's just a drill chuck
I guess I don't understand that statement. If you're referring to the distance between the quill and the table the R8 arbor does add a little over 4" to the length of the assembly, but only during the installation and removal process. Once it's installed in the spindle it only adds about 1/2" to the overall length.