Will an ER-40 collet hold a milling cutter as well as a solid toolholder with a setscrew? I am in the process of acquiring an RF-45 clone mill/drill with an R-8 spindle. I own a set of ER40 split collets that I use on my 10x22 lathe, and wonder if I should plan on acquiring a set of the solid toolholders. I have read that split collets will sometimes allow the tool to "climb" out, compromising the work. (I have seen this happen on a router.) But I have also heard that the ER-40 collets are superior to R-8 and C5 collets because they have more fingers. My mill will have 18" or so of vertical clearance, so I imagine I will normally have the 1-2" extra space for the R-8 -- ER40 chuck. I would appreciate some wisdom from the experienced machinists out there! Craig