Ok, I am still not happy with the setup on the mini lathe, but these are not too horrible. I chucked them up in a precision handpiece (not a low end foredom, but the better one) and slowly spun them up to about 15000 RPM with a foot control. No visible blur. Now to make some slot cuts with them in the mini mill and measure the width of the cut.
I know. I know. I need to chuck them up with a test shaft mounted and read TIR, but come on. With a router as a high speed spindle is anything less than .001-.002 going to make any difference anyway?