I haven't tried that particular version, but it works on the same principal as the regular adjustable mandrels that use a pair of wrenches to tighten. On all of them you can tighten by hand to a degree but need tools to really cinch it down. it's just a question of would a pair of tommy bars be easier to keep up with and use than the wrenches. for some it might be, especially if the tommy bars happened to be the same size as the ones for their scroll chuck. Personally I went down to the local pawn shop and picked up a pair of 7/8 inch wrenches for a buck each and tied them to a string hanging from the front of the lathe bench. Never get lost that way, and don't have to walk across the shop and pull a set off the pegboard, then remember to put them back every time.
But I definitely do recommend an adjustable mandrel of some sort over the fixed length ones. and the collet version, either knurled or hex nuts seems like it would do a better job of keeping the shaft centered than the ones that tighten from the side with a set screw (don't know that for a fact, just seems logical to me)