This quote is interesting.
******** 'A termination that is too loose can lead to arcing and hotspots, too tight and you risk damaging the component, as one manufacturer said to me we get many components returned with a deformed terminal cage cause by over tightening.' *********Don't think I've ever come across a terminal cage with a screw fixing where that has happened. Most likely scenario is the head of the screw splits or the screw shears, or the thread strips. Different matter with those which need a spanner to tighten.
Other problem with any torque setting device is it needs regular checking for calibration. Especially something which is likely to be chucked into a tool box - and dropped regularly, etc.
It's rather like Kwikfit - be seen use a torque wrench and you can't be sued for a wheel coming off. But has anyone ever seen them check the torque wrench setting against a chart to make sure it is correct for that particular car?