Re-reading my post – I may not have made the differences very clear. I'll try again, forgive any repetition.
You will have an MT2 taper in your headstock I believe. You can therefore either fit a simple MT2 draw-in collet (about £12 last time I looked) and hold same sized cutters directly in it. You will need a drawbar to pull the collet in. They can be very hard to remove if over tightened. The Chinese collet system I mentioned also had a MT2 taper and was also hard to get out if over tightened – the drawbar simply hold the chuck in the mandrel and is not involved in tightening the chuck – so does not need to be tightened as much but it's still easy to overdo it.
The ER32 chuck (and you could use smaller ER systems) mounts on the headstock nose via a screwed backplate and simply screws on and off. It is much easier to get off (usually). As there is no MT2 taper involved, work can be held that extends back through the mandrel – something which can save a lot of waste if you use the ER collet system for work holding.
The Autolock I have is also mounted on a MT2 taper but is very easy to remove because of its 'extractor' but it will only hold suitable end mills. I use it because I have it – it came with a mill I purchased.
The R8 is a taper-type system but doesn't tend to stick when released. It is roughly equivalent to a MT3 taper.
I hope this is a bit easier to understand – we tend to throw words like 'taper' 'chuck' and such like around here expecting everyone to understand the fundamental differences but I know this can be confusing when you start out.
If you can afford it – my advice would be to mount an ER chuck on a back-plate and buy just the collets required for the milling cutters you intend to use. This will hold them more than well enough for your needs, is versatile in use and the ER collets will find use elsewhere over time (collet blocks, milling machines etc)
Regards,
IanT