Update, contacted a company regarding having the spindle reground to mt3, the reply was that due to the tolerances and awkwardness they will not grind to mt3, but could do an INT taper too
I would have said INT would be preferable to MT. The issue however is that MT is "self-locking" taper and drive is via the taper. With ISO/INT (the difference between them is only in the drawbar thread) the drive is via drive dogs and the taper only exists to ensure concentricity. It is NOT locking and not suitable for drive.
So you would have to fit drive dogs. Which would mean more machining and make it look something like this.
Which may or may not be a problem depending on the spindle design. Unfortunately the http://www.lathes.co.uk/taylormillermk2/ page doesn't show the spindle closely so I can't suggest if it's realistic or not.








