Good day/
I am looking at doing the same for my lathe... as part of my research....ER collets came up as possible a better option (full grip of the material over the entire length of the collet vice the 5C, which by design, clamps from the open end of the slit at full power and less contact as the collet/ material contact moves toward the rear.)
So, if I may, why are you choosing 5C collet system vice ER collets?
Thanks
Erik