One of the best tools in the box, I have about 20 different types, for some reason I keep acquiring more of em, I was watching a toolmaker mate ages ago, he was setting up a job for an injection mould tool, I asked why he didn't use a wiggler to find edges and centres etc, he said cos there crap once you eyes get older, he is in his late 50's now and a very good mate who makes very good but expensive tools.
I proceeded to demonstrate it pop to one side as it passed centre at which point its one tenth, the look on his face when it dawned on him he had been doing it wrong was priceless, he now uses one all the time.
I run mine at about 700 rpm, you can usually here it as it pops and or feel it if the lights bad or in shadow, the pointy end I use with the spindle stopped, I locate the point in a hole or pop mark and feel for an edge where the pointed section meets the shaft whilst moving the part.
Shaun