Yeeaah, I would not have called that a ratchet, because it doesn't work like a ratchet wrench, it works like a box wrench. (Not your company, not your misnomer.) I have some extruded aluminum rail with T-slots and handles that have repositioning like that, deep in storage, that was for a different application. I like the idea of rotation for tightening instead of cam-style QR levers, the incline of the threads is more efficient mechanical advantage. Well, sort of; The threads being on the opposite side of the lever, means the tightening torque flexes the long, skinny spindle in torsion, which a cam lever does not do. Thru-axles, being way bigger in diameter, work better with this concept. So do nutted axles, which I've gone back to for easier bearing adjustment.