ER32/ER40 or 5C? Whats your choice and why?

I would keep them, you may change your mind in the future. One can pick up any missing ones through various vendors or eBay. Some people make draw holders, I opted to put two racks on the side of a rolling cart, previously the were on the side of my tailstock cabinet.

5C Collet Racks.jpg
 
I would keep them, you may change your mind in the future.

Honestly, whilst I appreciate what you say, I just do not have the use for them nor, as it happens, do I have the room to keep them/store them

I have everything to hand that covers my needs and I honestly have no justification for 5C especially with a 7x where the chuck alone will rob space that the ER system does not.

The only thing 5C has that ER does not, to my knowledge have, is a collet stop option. Though that said, with the faceplate I have, I am working on a solution to that little problem child that could solve the issue.
 
The only thing 5C has that ER does not, to my knowledge have, is a collet stop option.
I can appreciate your problem with the very short lathe bed BUT 5C is so effective for small work that it will become your go to if you give it a chance. Some of the examples in this series of posts demonstrate what can be held that an ER system simply can't. For very small work the length of your lathe is a non-issue or rather an opportunity to exploit.
I'd bet you can find a place to put the set if you really tried. Under your bed? (Except your most commonly used ones?? )
 
I like your answer It’s better than those I’ve gotten when asking where I should store things Most times it’s a variation of “where the moon don’t shine”
 
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