Hi Tony ,
In industry R8 collets are often used to hold parallel shank drills , taps , odd size cutters and special tooling so a full range of bore sizes is useful .
Some parallel shank drills in larger sizes are very long and fitting them directly in collets in the machine spindle allows maximum headroom for the workpiece and fixtures on machine table .
R8 collets are very cheap compared with collet chucks and QC tooling systems and for the semi permanent types of machine set up common in industry there is a useful economy in using one R8 collet instead of pointlessly using more expensive toolholding equipment .
MikeW