If I were just doing one, I'd wrap it with masking tape or use shim stock between it and the jaws(4 jaw or set-tru 3 jaw). If I were running a bunch of them the same, I'd cut a set of soft jaws.
An independent 4 jaw or set-tru 3 jaw are the only easy ways to get low runout. There are probably some lathes with a collet attachment big enough, but I'd imagine the collets very uncommon....I haven't seen one that big. If all you have is a regular, non adjustable, three jaw and it's running out a lot, you can shim one jaw or a combination of jaws. Otherwise you'll have to bore a set of soft jaws. There is one other option, but I'd be hesitant to use it. You can improvise a four jaw with a piece of pipe and some bolts or capscrews. It's a ghetto fabulous solution, but it can work. I had to do this once to crown and thread an AK pistol barrel. Be sure to use some brass or aluminum shim stock between the screws and the part though.