I have used mine many times and the measurement comes out almost the same as the dummy bullet method. Redundant, but satisfying. I find the dummy bullet gives me a smaller SD, but after 5 or 6 repeats, the Hornady tool tells me what oal to use. I tend to error on the long side, so when I am seated touching the lands, none of the bullets will be jumping. Better to be slightly jammed than have some of the bullets not touching due to error margin in the bullets, seating process, etc.
You have to be very gentle and make sure the rod doesn't move when you extract the device.
The downside is you are not using a case fired in your chamber. Even with the cut out for the caliper, I don't think the measurement is perfectly straight. But like I said, the results are definitely usable.