More thinking out loud-
If a TTS type of tool holder were to be used, then a special drawbar could be made that (instead of screwing down and in, to effect pulling and retaining the R8 collet into the spindles taper) instead has a threaded portion at the bottom to interface with the R8 collet, but is not intended to ever rotate except when initially setup. this drawbar could be additionally long at the top so as to act as a spring holder, springs could be stacked above the termination of the bridgeports splined spindle top, probably with a spacer from the top of the splines on up to where it would have full clearance above the BP's head bearing retaining cap. The extension could be made like this-
Grind out 1.5 inches of ID from the top of the spindle (splined portion) suficiently large such that a spindle extension (spacer) could have a portion of it that slides into the newly enlarged ID protion of the top of the spindle. With a mild shrink fit, and a well made (hardened) spacer, I think that it would act as a part of the spindle and could be concentric enough to allow for it spinning unsupported above the top of the mills head. With the "spacer" extending above the head of the mill, above the portion of the spacer that needs to rermain small enough to pass into and out of the BP head asdsembley, a land could be created at the perifery of the spacer, and any number or combination of die springs held on the spacer with the (moving) drawbar acting as the retaining cap to the spring(s). A threaded cap could effect perloading of the spring(s) and could also be the surface that an air cyl interfaced with to provide the unlocking downward force.
Really, semi-simmilar to the Mach1 design, except no pullstud (TTS type holders) and the spring placement is out and above the head, allowing for more/better/different spring setups.
Obviously, this could get dicey at rpms above 4000, and could be dicey below that if not constructed with strength, concentricity and balance being paid very close attention to...
Downside? one would be that the release would have the force transferred through the bearings of the spindle. However... were the "spacer" discussed above pinned into place at its interface with the top of the spindle, then the "spacer could have a groove cut into it that a sliding u shaped fork could extend into via air cyl that would act as a brace and would keep the release load from being transfered through the bearings. This assumes however that the u shaped "fork" would be coupled to the air cyl assembley. Easy to imagine...tough to explain.