I have been drilling with the drill chuck mounted on Multifix QCTP for a little while now. I am extremely happy with set-up. The Multifix has a tool holder for boring bars, 40mm in my "B" size. Though, I do not have 40mm boring bars, I can utilize reducing bushings for smaller boring bars, or what I've done previously, made a 1" bushing to hold an ER40 straight shank collet chuck. But you can also get morse taper bushings to hold those type of tools. I have an MT3 and an MT4 bushing. Currently I have my small (0-10mm) Albrecht drill chuck mounted in the MT3 bushing and mounted in the boring bar tool holder.
The beauty of this is that the drill chuck arbor is tanged, and the MT bushings will accept the tang. Once assembled, there is no way that you will spin the chuck, as opposed to it being mounted in the tail stock, which (at least on my lathe), has no provisions to accept the tang. As you can see in one of the photos, the chuck spindle has spun several times (due to a damaged tail stock bore (which I remedied in another post.))
I can now quickly drill, under power feed; I don't have to clean the lathe bed, then squirt way-oil onto it, then drag the tail stock up and down the lathe bed; I don't need to tighten the tail stock, drill, loosen the tail stock, move it backward, change bit, push forward, tighten it, drill, repeat. Max travel of my tail stock spindle is 4", but I only go 3" because it sticks out so much. Using the QCTP, I have 50"!! so no more repositioning of the tail stock when drilling long holes.
Once the center height is established, it literally takes a couple of minutes to dial it in the x-axis with a DTI, and a couple seconds if you have a DRO. Changing tooling: loosen the two bolts of the split tool holder, remove the MT busing with tool A, insert MT bushing holding tool B. Tighten bolts.
I think this is one of the best uses of a QCTP.