In my limited experience, not very well. I bought some LED lights for one of my wife's display cabinets a couple of weeks ago;
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I was quite pleased to see the lights were held on magnetically to steel disks which were themselves stuck on with what appears to be VHB tape.
The "pucks" get warm, and within a few hours, they all fell off. Fortunately, since SWMBO decided she didn't like where I'd put them, even though she chose the locations. So I screwed the disks on.
It may be the case that it wasn't real VHB (Chinese ...), but it sure looked like it.