I have two M 12s and love them. I bought them new probably 25 years ago and mounted one to a table (with the handles on) the other I mounted to a plate so that when needed I can simply pop it on the table. I do that when making rail and stile joints. In all the time I have owned the router I can't think of more than two times that I had to take it off the table. Once was for doing mortises for a railing and the other was when I was making a large round tabletop. I bought a mortise machine so I doubt that I'll even remove it for that again. The point is that I would leave it mounted and worry about handles when if ever they are needed. It would be simpler to buy another router and leave the workhorse like it is.
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We often hear from people that are having trouble finding a collet at all! Usually but far from exclusively Craftsman. First time that I've heard your question, Mike. 
Got router back together and working great with all original parts. Depth stop cover was cracked in several so I reinforced it using some scrap laminated aluminum traffic sign material.
Fabricated lift with 2" long piece of scrap 1" tubing, 3 - 3/8" washers, 1" long 3/8 ID spacer, 2 - 3/8 x 24 nuts and bolt and nut (held arms) from a three arm gear puller. Attached it to the router with 5mm bolt a few washers and spacer.
No modification necessary to the router, only 3 holes drilled in the plate.
Lifts from top using 7/16" socket and ratchet or screw gun.
Total cost was some old junk I had lying around.
BTW, I did order M12VE handles that have a larger ID but bolt on tight with 5x25mm washer screws.
Thanks all for your replies.
Fabricated lift with 2" long piece of scrap 1" tubing, 3 - 3/8" washers, 1" long 3/8 ID spacer, 2 - 3/8 x 24 nuts and bolt and nut (held arms) from a three arm gear puller. Attached it to the router with 5mm bolt a few washers and spacer.
No modification necessary to the router, only 3 holes drilled in the plate.
Lifts from top using 7/16" socket and ratchet or screw gun.
Total cost was some old junk I had lying around.
BTW, I did order M12VE handles that have a larger ID but bolt on tight with 5x25mm washer screws.
Thanks all for your replies.
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