You are talking about the collars, yes?
Windows has a calculator with a conversion tool. When you look at the drawings for the holders the 5mm holder has 6.1 mm diameter shaft and the snap locks are 6.9mm.
The 6.1mm converts to .21875. So, a 1/4" or slightly smaller should still let the shoulder grab.
The 3mm holder diagram isn't as helpful. It looks like a 5.2mm which converts to .2047, so and 1/8" or the next larger bit in your index should work.
I have a cheap digital micrometer from harbor freight. They go on sale with a coupon at $10. I tend to measure items like that when I am ready to install and select a bit based on that measurement. I find the micrometer gets used almost as much as the digital multi-meter when working with train stuff.