ER collets are GOOD!
ER32 seems a bit big for a machine with a MT2 quill. You could find the nut getting in the way sometimes, and as Roderick says, it may be difficult to grip really small drill or cutters.
Years ago, when I had a ML7, and a Rodney milling attachment, I bought ER25, from Chronos, and have never regretted it. Since buying a Mill Drill, I use the ER25 collet holder in a 2 -3MT sleeve.
Although I now have collet chucks for the larger lathe, ex Warco, in ER25 and ER32 (I have just 4 collets to extend from the 16mm of ER25 to 20mm; but they are rarely used).
Also made up square and hexagon holders for ER25 and ER32, to use in the vice on the Mill/Drill.
I have made ER25 holders for Taps on a Tailstock Sliding Die Holder mandrel, and for a Floating Holder for Hand Reamers. (For machine reamers made up soft ER32 collets to take 1, 2 and 3MT shanks. Did not change the Topslide set over between boring for the collets, and turning the OD of the collets. Slitting the collets was interesting!)
For drill grinding on my Worden, I made up an ER20 holder. The 1 -13mm collets were expensive, or seemed so!
Making your own holders is a useful exercise in screwcutting.
For all these pieces, I bought the closing nuts and spanners (and the ER20 collets) from Arc Euro Trade.
Possible suppliers (take your choice) Arc Euro Trade, Chronos, Warco, Chester, and others.
Howard