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Paul & Tony, the magnet doesn't replace the springs. It balances the OTA.
Even though I still use the springs, I also use rubber backed speaker Magnets.
They slide around easily to get balance when you change to heavier or lighter EP's or accessories. Handy if you don't use springs at all.
Here is a pic of my rubber-backed Speaker Magnets. One is flipped over so you can see the rubber backing. (The rubber is just to stop the magnet scratching the paint)
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