I used cheap ER32 collet with BT40 holder, TIR was around .05mm haha will using smaller collet and holder gives better runout (like ER16 collet, I prefer collet system because I have to change my tools quite often)
I think I had around 12mm stick out which was the minimum I can get before clamping on the coated surface of the tool (can I actually clamp on the coated part of the tool?)
Cheng