Youll hear a lot of opinions.
Magnetic drain plugs used to be OE equipment on a lot of vehicles, but less and less have them, IMO because of the 35c cost of the small magnet, and the 3c cost of installing it onto a plug. 38c times millions of vehicles is something that is scrapped because its utility may or may not be there anyway.
MB hasnt used magnetic plugs as far as I can tell, ever. And they have historically been light years ahead in terms of their engineering. Honda is another good engine company that from what I can tell doesnt use them.
That said, put one into any engine, and guess what youll see on it???
Transmissions, etc. use them as a means of supplementing marginal to no filtration in a fluid where the replacement rate is very seldom.
IMO, they are useful. I install them into all of our vehicles, what can it hurt, besides $3.49?
JMH