What Am I Missing Here?

It has r8 collets with it but when you mount them they are so far inverted that even using a end mill holder and a 4" end mill i have very little clearance to mill. i keep hitting the spindle bearing.

Are they really R8's, many look similar. Spindle and collets must match.
 
Can you get a better picture of the spindle bore something doesn't look right.
 
How about a picture of the top of the quill. I think the spindle isn't mounted in the quill properly.
 
that entire shiny ring on the bottom spins. not just the collet.

After looking at a video of the mill on u tube it does not show the shiny part. Could it be an adapter some one made to mount something to the spindle?
Can you remove the shiny part?
Ray
 
no bolts but they are threaded.

the shiny part does not come off. it is one solid piece.
 
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