This tool does what it is supposed to per the advertisement, fair price, quick shipment. The biggest downfall I have found is that it is not manufactured here in the USA, yes I am one of those guys that still looks for the logo "MADE IN THE USA" on every package I purchase. The shame is that it is harder to find these days even from a company that was a staple of this.
I purchased this to engrave my tools and found that the idiots that machined the tip holder failed to check and test the the threaded hole for the set screw. The hole is oversized and the set screw is to short so the tip cannot be secured properly. Tool is made in Mexico so that explains how cheap it's made.