actually the R-8 to ER32 collet adaptor might be a good choice. got one pretty reasonably from LMS (http://littlemachineshop.com/products/product_view.php?ProductID=3615&category=) and was sure if i would use it much. it has been very handy for odd sizes because of the range of the ER collets. i have used it to mill with and it works great. i don't know if i would take very heavy cuts but it does work well.