Okay here I am!! The only thing about the magnet is that it will not stick to Aluminum. It will stick to the needle plate is you can get it in there!!
FW's are a really neat little machine although I prefer its bigger sister the 301 I still thin they are cute. :wink: (Yes I said it, they are cute)
Be careful about oiling the motors of any machine 1 drop per orifice is all it needs for 6 months to a year if you use it daily. If your like me and only use the fancy electrified machines once in a blue moon then once every other year if that. The grease is for the gears in the machine and sometimes the motor.
Billy