Since this is a used system I would recommend getting a new collet. They are only about $12-$15. Plan on replacing collets 2-3 time a year or whenever you crash into something . When collets become worn or out of round then you can start breaking bits.
Where are the bits breaking?
Are there scratches on the base of the bits where they are in the collet?
If the router is a Porter Cable 75182 then you speed choices are: 10000, 13000, 16000, 19000 and 21000 RPM. We usually run at 13,000. Look at a feed rate of about 2ips. Use the chipload calculator as a guide.
- Randall Newcomb
10 fingers in, 10 fingers out
another good day in the shop