Let's make sure we're understanding the same definition of a "collet."
The cutter is still loaded through a spindle, but a collet is a means of clamping the shaft of a cutter, close to the business end.
You may be referring to a nose cone depth regulator, which can be made of steel or delrin and rides directly on the surface of the substrate, allowing the end of a cutter to protrude past its opening at a user-prescribed depth. David "The Stunt Engraver" Lavaneri
DGL Engraving
Port Hueneme, CA |