As I read the PDf, I see that the new bits will now come with the sleeve/collet "pressed on".
You will need at least one collet for the other 1/4" bits, and could use it on the Cutting & Carving bit (for, light, short duration work), if you want to take the chance of having to redo your project due to the bit loosing its position. I think most times it will move upward. However, if it "plunges" your $$ problems out weigh the savings.
AskBud