That was my first thought, but I dismissed it because of the lack of rigidity with all but the largest arbor hole. In other words the cap would try to make the blades concave.
I have one. It is a piece of junk. Make your own slitting saw holder that installs into a collet, designed so you can lightly dress the face and register with a lathe tool mounted in the mill vise every time you install it. Zero runout every time. Very cheap and easy build.
I agree with Bob, I hate those "universal" type slitting saw arbors as pictured in the original post. Best to make one or buy the dedicated sized ones.
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