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wow! ive got book two, i have been looking to see if there is a book 1 anywhere but this sounds more like it goes in order with the standard (book two is about 4-7ish i think) where did you get it from? (book two is brilliant too by the way! a really nice collection, lots of different pieces)
Ooooh, like what? (tempted, tempted)
I think it sounds like there is a fair mix of grades even if they loosely go "in order"
Both book 2 and book 3 are both available from justflutes.com
Edmund-Davies The Flautist's Collection Bk 2 IND 5-8 EDM020 9.50 TR6
Edmund-Davies The Flautist's Collection Bk 3 IND 7-9 EDM030 9.50
Sumbler Flautist's Collection Bk 4 IND 3-8 SUM010 9.50 TRCC
Sumbler Flautist's Collection Bk 5 IND 5-8 SUM020 9.50 TR6
I don't know if the Sumbler ones are part of the same series.
I'm intrigued that book 3 is listed as grade 7-9 (as far as I understand it, their system is 1-8 are normal UK grades, 9 is diploma plus) as that Faure is grade 5, and the Gaubert and Caplet in it are both grade 6, and I really don't think anything in it is beyond grade 8...

I'm assuming of course that it's the same book, as I bought mine about 8 years ago (I don't recall where I got it from, probably topwind or justflutes)
I'd love to know what's in book 2, I'll list what is in book three sometime, but I need an early night tonight!