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I use this, exactly as recommended. It's more money down the drain.
I may still be doing something wrong, but I've spent too much time on it now. My LBS who are normally pretty good mechanics gave the bike back after sevice with the cables tightened, travel reduced, the pads rubbing, and stopping power unchanged.
If you do rebuild them, get some threadlock on the adjusters. But I'd have thought it's more general set up making them bad to use, and if everything's been degreased then they're either contaminated from using the wrong thing, or need bedding in from using the right thing, so can move the wheel with the levers pulled.