On the smaller machines with limited day light between spindle and table, the R8
collets are the first choice, no question. The end mill holder with set screw may be of benifit to you when doing side milling,or your worried the end mill will get pulled down from the collet.
The ER collets add to the versatility maybe for drill sizes, but a good drill chuck would do just as well. I have collet chucks for my 9X42 mill , and dont use them all that much. The first thing I dont like is the force to crank the collet nut tight.
Tightening is the first issue. Now to loosen takes a eqaul amout of force. The process is a 2-handed deal. What allways ticks me off with collet chucks, is when your 2-hands are busy loosening, and the endmill drops out on top of the work piece, or drops on your nice Kurt vise,
I had gotton into the habit of having a folded up towel to put under the spindle to catch the falling endmills or what ever the collet was holding. Collet chucks all seem to take a fair bit of torque to tighten the tooling secure. If you have R-8 now, I would stick with it. No really good reason to go looking at ER stuff. For drilling operations, maybe purchase a good quality drill chuck. It would take up about the same amount of room as the ER collet chuck.
If your thought was you rather not reach up for the draw bar, and rather deal with the ER chuck at a lower level, then I would look at adapting your own power draw bar set up to the mill. Most home brew PDB can be built for a few hundred bucks, and saves time, makes tooling swaps fast and easy. Just a thought.