That Multicraft is the same chuck I have on my DP. .275 pilot (that's what I just remeasured) 17/64 drill bit shank is sloppy, 9/32 won't fit...
My key is also a "safety key" with a spring loaded pin in the center to keep it from being left in the chuck, and the DP turned on, turning the key into a projectile... (Not sure I like that "feature"...)