Maximum tightening torque is more of a CNC issue than one for the likes of us.
Due to alignment being partially dependent on the (relatively) loose fitting nut high tightening torque is essential if any hard working cutter in any collet is to be in dead nuts alignment every time. The potential errors involved when tightening enough to hold the cutter at home shop feeds'n speeds in comparison to doing it by the book are probably well below anything we can reliably measure. Certainly not enough to worry about in our typical one at a time work.
CNC machines work their cutters hard so pullout can also be an issue. With no positive retention, like a Clarkson thread, the collet has to be tight enough that the cutter always stays put for the whole job. As ever there is a considerable step up between "always right" and "usually just fine". Mighty Big Industries and, these days, Joes Local Precision CNC shop have to be at the "always right" end of the curve to minimise scap and do-overs. Both, at best, expensive. Us not so much.
Although a cutter pulling out mid job is, I find, an excellent stimulus to verbal creativity.
Realistically something around 1/4 to 1/3 book is probably acceptable. Which, for ER32, gets you into the same sort of range as the 30 – 35 ft lb Bridgeports used to suggest for the R8 collets. As a pragmatic sort I can live with that.
Clive