Whilst that might work for one type of nut (in repetition) probably wouldn't work for different nuts or anything that can range in size quite a bit, like the almonds I have here.
Plus, if you pick up a slightly smaller nut, go to use it and find it only holds, not breaks the nut, you have to release it again, tighten the adjustment screw before trying again.
If you then leave it set as is and the next nut (of the same type) is a larger one, would you still have the crushing power and what might it then do to the kernel?
I'm not suggesting Mole grips wouldn't work at cracking 'a nut', just that they might be a bit clumsy at cracking a batch of nuts when done individually and with a random selection of types.
Cheers, T i m