This subject comes up repeatedly and periodically because it it an important one, and of course the answers are usually the same.

The welding clamp / vice-grip / pliers thingy tool keeps rearing its ugly head, and so here is the better alternative again.

A pair of pointed awls works great, cheaper and can adjust the tension without losing positive connection. By using the awls you never let the stay go, whether loosening or tightening the rigging. The welding clamp thingy looks ok, but you will have to trust its ability ( and momentarily yours ) to maintain full tension and hold up the mast while it is being used, until you re-pin the adjusters.
Seems a real risk that the welding clamp pin that you put into the folded adjuster tang can only go into the hole on one side, and only a short distance until it hits the inner adjuster, in order not to impede the movement of the interior tang adjuster plate. With an unbalanced one side pin grab, it could easily slip or pop out and let the stay go completely. Using the twin awls method, you "awl"-ways have full positive pinning of at least one if not both steel awls each thru at least two of the three lined up holes of both the adjuster parts.
Adjustments with the awls is incremental, one Vernier step each time - that's the best way to fine tune rigging tension.