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David, I went back to the Taig web site that I purchased my lathe from. The er16 set that I got did not include the 1/32. In the standard set there is one collet that I am not sure what it is for. The front of the collet has a hole that is approx.
5/16′, but the hole in the back looks to be maybe 1/32′. Any idea what it is for?