Here is the 2 tools I would suggest you need.There are other solutions,but cost more.You can buy these at Enco for probably $300 for both.That is for cheap China junk.But it will work just fine.You gonna machine,gotta have ,,period.Collet blocks have their place in machining,,but not for what your doing.That said I don't use them ever.How much is your time worth?You got to tool up.