Last time I used the MB40 I did not have any drills with me but CXS’s. The drive spindle did fit in to the 40, I just had to keep everything inline. Best part of the endeavor—I was drilling 40mm hinge cup holes with a 25mm c/l.
If you use a 1/4” bit holder it will drive the unit, just going to be hard to keep everything aligned.
Tom