As others have said, a Forstner Bit extension is not designed for the speed of a router and should never be used. Of greatest importance is the absolute requirement for a completely balanced bit holder to insure there is no wobble. I have the MLCS router extension and it uses a well made, balanced collet system to secure the bit. I would not recommend this for 1/4" router bits, only for 1/2" ones.
Be absolutely certain that whenever you put a router bit (or the extension itself) into your router that you do not drop the bit into the collet so far that the clamping is on the fillet at the base of the bit or it may loosen and send a bit flying! I always put a hard faucet washer (type used for seating faucet valves) down in the bottom of the collet so the bit extends slightly so the bit extends beyond the collet and it clamps fully on the shaft of the bit.