If it needs to be said, ensure that the tailstock is on the centreline of the mandrel and work, in both planes.
If not, the reamer is likely to cut more heavily, like a boring tool, and produce an oversize hole.
DON'T ask how I know! But I did make floating holders for hand and MT reamers, using ER 25 collets.
They don't make ER 32 collets with MT bores, so I made my own, MT1, 2 and 3.
Needless to say, since then have had little need of them. But they'll come in handy one day!
Howard