I will admit, even though I could care less (for the most part) what oil filter I use, I do believe in magnetic plugs as their filtering capacity is almost limitless down to the smallest micron and just the fact that some vehicle makers go the extra mile and use them says something to me.
Also disagree about mag drain plugs, though I have one. They do not have "limitless capacity". They have very limited capacity, though they have no lower limit on ferrous particle size trapped. If you want significant capacity you probably have to go for a bandolier round the oil filter, though I'm not sure that magnetised wear particles are necessarily a good thing in an engine.
The automotive world does not agree with you. Many high end manufacturers use them in their vehicles, car, truck, motorcycle, boat.
Actually, we are almost on the same page since you do use one, but BITOG doesnt let you delete a full post.
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I just put this in there for others not into the subject.
OK. I said I'm not sure, and I'm not.
Though its probably the way to bet, automotive industry practice (which, as you note, varies) isn't necessarily a guide to best practice for an individual, since manufacturers aren't necessarily interested in maximising engine life. My impression of magnetic drain plugs is that they are primarily intended to be diagnostic chip-catchers, since they are too small to have much capacity.
A magnetic dipstick, which I also use, makes MUCH more sense in the diagnostic role, but I've never seen or heard of one on a car. (Is there a patent lawyer in the house?)
I've never seen any research on the effect of magnetised particles in the engine (anticipating an again-with-the "find an SAE paper" shtick) but I did find this:-
Not quite scientific research, but the only mention I've seen of this problem, if it is a problem.
Certainly I don't recall it being mentioned in any other discussion of magnetic "filtration".
http://www.machinerylubrication.com/Read/781/particle-contamination
"Magnetic Susceptibility. Permanent magnets are used in some filters and online wear particle sensors. Particles of iron or steel that are attracted to a magnetic field are preferentially separated from the oil by these devices. Later, any particles that may have sloughed off these separators and sensors (due to shock or surge flow conditions) are often left magnetized. They can then magnetically grip onto steel orifices, glands and oilways restricting flow or simply interfering with machine part movement.
Additionally, directional control and servo valves commonly used in hydraulic systems deploy the use of electro magnets in their solenoids. The actuation of these valves can be adversely affected by the magnetic susceptibility of iron and steel particles that are attracted by the solenoid."
Also part of an extended oily argument/discussion here
http://forumosa.com/taiwan/viewtopic.php?f=75&t=102604&hilit=magnetic+dipstick
Long ago on a website far, far away.