This probe works fine for a while, but will not last you forever.
Mine died after about 360 Hours -- I'm kind of thinking that the heat got it.
If the inductive probe is the route you are going, then go straight to the Omron TL-Q5MC2-Z from here on the West3D website. If you've got PIF printed parts and are moving to Tap or Klicky, then get this one and the appropriate hardware kit.