CNC ER11 Collet/Holder - can it hold larger diameter?

I see online ER11 collet sets (example here) . Can this be used with the CNC module of snapmaker2? To be clear - with this, it would be possible to use carving bits that are larger than 3.175 (1/8in) right?


That link shows ER20 collets which are larger.

This link:

shows 7mm as the largest size.
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