Lenny,
Beyond the set you are looking at purchasing, I would suggest you consider ordering two more individual collets.
Keep in mind that the largest cylinder you can chuck in the 3/4" collet is indeed .750". Anything, even a hair larger, say .758" WILL NOT fit into the collet and seat properly. I found a place that sells collets larger than 3/4" and provided the link below. Have a look at the "Clamping range" column on their sizing chart and you will see the benefits of ordering a few extra collets.
I ordered the 20mm and 13/16" collets which give me the best overlapping coverage over .750". Ordering the 25/32 is not necessary since the 20mm range is wider.
Now, I can clamp up rods that are as thick as .813" using my er-32 collets. This is important since many times the pre-rounded acrylic blanks you will find for sale are a hair larger than .750 and won't fit in a 3/4" collet and most ebonite rods are wider than .750 as well.
http://cgi.ebay.com/ER-32-HI-PRECIS...m&pt=BI_Tool_Work_Holding&hash=item4836b371d4