Best it goes to @6.5 Fan as it's more suited to tool holding in a mill than stock holding in a lathe. Thanks for the offer though!
I don't think I agree with that but I doubt 6.5 would complain. Yes, they are meant for tool holding. However I LOVE my collets for work holding on my lathe. They are totally awesome! Like I said earlier, I'd give up long stock if it couldn't do that in a heart beat just for the joy of using a collet. Basicly, I would take any collet system over a 3 or 4 jaw chuck all day every day. For small work - which is the vast bulk of what I do, you can't beat a collet. I even made an assortment of sleeves and collars to accommodate odd sizes.
But it's your call.