yt:
One thing to keep in mind when using the magnetic plate in the wire machine:
The magnetic field may cause the part you are working on to become temorarily magnetized and if you are expecting small drops to drop out, sometimes they won't and you will get shorts. This can become very annoying if you have a number of small drop outs and are expecting your machine to run without attention for awhile. You might have to babysit every dropout. Cutting errors may occur too if the field is strong enough to distort your part.
On the plus side, any magnet in the tank is going to collect the "magnetic dirt" in the tank so less will be going into your filters and more onto your part and tooling.
Over the years I have found that the less magnetic material in the tank the better. I even degauss a lot of parts before mounting them in the tooling to prevent the problems stated above.
TMD