Good grief! I still wonder what the application is as I've never seen a milling cutter with square shank or R8 nose other than on a mill. Now I'll just wait for the next reply with details of both!
Lots of import "Deckel" style cutter grinders offer R8 collet versions. I keep a few 5C square and hexagon collets for the lathe, I can see a use for them in R8.