The first test went good, it spins nice and smooth, I can actually spin it by hand and it continues when I remove my hand for about one turn 
Now I apply a little lithium grease to the arbor shank, install it and tighten up the hood with a soft strap wrench, not too tight, just to nip it into place..
That’s it, this chuck is ready for work and should not require any further service for at least 2 yrs, that is, if I don’t squirt any utility spray down the pipe and mess it up..
According to Albrecht, the manufacturer, any lubrication, oil, grease, spray etc that hits the spindle threads, prevents this type of keyless chuck from tightening on the tool, thus making it ineffective. This is the reason that after a good spraying, these chucks do not work, so the operator attempts to compensate by over tightening by the use of a pipe wrench. This is why you see so many, like this one, with torn up hoods..
I’ve learned a couple of things from this enjoyable task, hopefully it will also be useful to others 
