Works as described, perfect for those slightly hard-to-reach screws
Exactly as others mention, it functions and holds torque reliably well. After reading other reviews and confirming that it holds the bits way too tight, I took a pick and popped the spring clip out. The magnet works more than well enough to hold in a bit and now it can be pulled out by hand easily. The locking slide works great and once popped in either direction (aligned, or not aligned) locks in there.