Thanks for the responses gents
More Questions:
1) Collets
I assume that you all use the collets to hold the tool/end mill or any other tool that needs to be used.
Correct
2) Tool holders
Is this a better way to hold tooling?
I assume you are talking about an end mill holder? If so yes, it is technically better. If you use an end mill with a flat on the side the end mill holder has a set screw (or two) that will lock against this flat. This will eliminate any possibility of the end mill turning in the holder. Having said that, many of us use end mills directly in a collet with good success. It just depends on how good the collet/end mill, spindle taper is, how tight the draw bar is, etc., etc.
3) R40 collets with a R8 adaptor holder
I see that this method is a bit more expensive
So, is this a better wat yet to hold tooling
When you say R40 collets I assume you are talking about ER-40 collets? If so, they are not necessarily better. The biggest advantage (on a mill) is convenience. You don't have to loosen the draw bar to change tools/end mills - you just unscrew the collet closure nut.
Sorry about the "noob" questions here
Looks like many options , just trying to make smarter purchases
Thanks