Oh, you'll definitely want to use it. That's the only way to avoid the painful iron dagger grinding to level up smithing. But nevermind that, this exploit is getting patched anyway.
Iron daggers is the worst way to level Smithing since 1.6? It is based on the cost of the item being smithed. After that patch, it actually levels a lot quicker.
None the less, if one wishes to use the OI glitch, it is best they do it before 1.9 is released.
Personally, I have issue with using forced mechanical manipulation, in the first place. You have no idea what it is doing to the game and one risks corrupting saves, bloating and who knows what.
Furthermore, I'd feel way too dirty to commit to such.