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Hi Gary. I'm no expert on this, but I had much the same question as you and was told not to use large cutters with a 1/4" shafts. The concensus was that the cutters are too heavy, and the 1/4" shaft is too weak to safely use with a large cutter. As to the availablity, yes, they are available. I've seen a 2 cutter set for around $60Cdn at a woodworkers show.
Brian
Brian