I love this thing for holding for sanding, working on almost anything. I usually just hold on to the back to work on the guitar.
But there is one BIG problem.

I use em6000 water based lacquer and really like the stuff for ease of use and a nice finish. However, even after letting the finish harden for over a month, I can still see where the holder was as a ring after I use the holder. I can get the ring out but it takes considerable wet sanding and buffing.
I can't think of any way around it except using the vacuum holder less or putting up with the considerable finish repair by wet sanding. .