Functional and excellent value for money .you could spend 120 and get something a little more robust with far less storage so on balance it's a winner.
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It's ok for occasional use. There is a lot of clearance in all moving surfaces. The jaws have a lot of float such that they do not remain parrallel in both planes. However that can be advantageous for clamping irregular forms." Budget reasonable quality" is probably a fair description .