Correct, that particular ratchet is the version used for in aircraft installation/removal of HI-LOKS. If the HI-LOK pin wants to spin during install or removal of the collar you insert a hex key through the ratchet anvil and into the end of the pin to hold it while continuing to turn the collar. HI-LOK's are very strong, made from variety of metals, and used extensively in medium to large airframe assembly/repair. They offer the best benefits of both rivets and bolts. Many times though, the pins are installed in tolerance fit holes and wont spin. The collar can be removed without having to hold the pin. Some HI-LOK pins are installed so tightly and wet sealed in for fuel tanks that even with the collar off you need a rivet gun to hammer it out. Thank you by the way for finding this, I'm going to purchase on, I need a new one for that price. They generally are quite expensive, unless you by off ebay. Another company who makes good HI-LOK ratchets is Omega. In my opinion they are the industry standard due to head size and no ratcheting mechanism, they use a roller ratchet design.