Extract from a 2003 Myford (Nottingham) price list :
Myford Patent 2 MT Collets for fitting directly into the spindle of all ML10, Speed 10, Diamond 10, ML7, ML7-R and Super 7 lathes, with spindle nose bored 2 MT and threaded 1⅛” x 12 TPI Whitworth. The collets may also be used with the big bore Super 7 Plus and Connoisseur lathes in conjunction with 15353 Headstock Reduction/Step Down Adaptor.
The main advantage of the Myford 2 MT Collet, which is located and closed by means of a nose piece, is that the collet features a through bore. Most other 2 MT collets have blind bore because the collets are closed by means of a draw bar. The Myford collet permits longer lengths of material to be passed through the collet where it is supported in the spindle against whirling and allows the part to be machined and positioned nearer to the spindle nose leading to greater accuracy.
Imperial Collets are available in individual sizes from 1/16” to ½” in 64th increments (32 in a full set).
Metric Collets are available in individual sizes from 2mm to 13mm in 0.5mm increments (23 collets in a full set).
Michael