Turbine Guy
Original EMCO, item no. 200 050, Fixing M14x1 as in picture, collet recessed into the body so takes up less height from your set-up if milling/drilling, also less overhang from the spindle.
From my own experience using the 5 milling attachment I wouldn't advise using a 16mm milling cutter because the unit is quite low power motor, best results will be obtained using smaller diameters but then the spindle speeds may be a bit low, so feedrate will have to be reduced to prevent stalling.
Used with correct size of cutter and consideration to the points raised excellent work can be accomplished.
Emgee