I went with ER 40 on my 1022/1030. Wanted the collets to go up to the spindle pass through diameter. I've heard you can special order ER32 collets to get up to 1", but they are thin-walled. ER40 tooling is available from P-M, ER32 is not, so I just went with ER40.
I do wish I'd have bought the metric set of collets instead of the imperial set however. ER collets have ~0.040" grip range, and 0.040" is very close to 1mm, so a metric set will cover essentially every diameter through the collet range. Imperial collets however have some gaps in the diameters they will cover. At 1/16" (0.0625) intervals, the imperial set cannot accommodate diameters that are smaller than the 1/16" increments by more than 0.040". So a 10mm (0.394") end mill cannot be put into an imperial collet - a 3/8 collet is too small (0.375") and a 7/16" collet (0.4375) can only close down to 0.3975 before 'springing' the collet. (0.4375 - 0.040 = 0.3975) So, imperial collets sets are really not ideal if you want to be able to hold metric diameters of 5, 10, 13, 16, 21, 24 and 26mm without risking deforming the collet for pushing the range envelope too far.
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