Quite agree Chris and exactly see your point, thats why i will not ever have an ER type setup. Ok for tatting about where times not an issue.
Secondly have had to use several proper expensive sets of ER 32 and 25 plus the chinese made stuff- All the cutters drop, whats more annoying is undoing and tightening the things,they bind and grab but dont grip the cutter the same.
Total waste of money those chinese ones, worse than decent ER for binding and cutters dropping.
Cant beat those R8 collets, shame i cant use them. No dropping and can change cutter over within 5 secs!
Next best thing and similar the MT2 and 3 collets. Who ever said they will only grip the exact size is telling porkies. 10mm will grip 3/8 cutters, 3/8″ can get 10mm in.
As regards friction on the taper its the opposite, because of that it grips more on the cutter. Will hold tipped cutters exactly like an ER type would = lack of understanding and biasism.
Carefull where you buy these from they are available in different threads caught me out on small mill had to make two more draw bars 3/8″BSW and 1/2″. 10 and 12mm seem the norm now but have them any way.
Will vouch for the ArcEurotrade MT3 collets they grip and used to be cheap comparatively 11 years ago, plus you can add to the set over time.
Most of mine on bigger mill have come from Chester which i have every available size metric and imperial to hold 20mm.