Any one used the cheap chineese stuff? ER32 collet set is still £50 so not that cheap if its useless
Cheers
I bought a £6.50 one direct from china via ebay (for my T&C grinder). The chuck is as good as the one I bought from <TILT - brain failure> someone??? - very good, bugger all run-out, but the nut was so badly machined I had to take a dremel to the ejection ring in order to fit a collet.

I don't see any problem using a ER32 with a MT2 and it'll save money in the long run.