Near useless according to this guy's testing..
"The data is clear – my testing with aerospace grade fasteners, calibrated torque wrenches, and calibrated load transducers shows min and max preload can vary from -38.5% to +84.1% from nominal. If you think that torque wrench is getting you the correct value, think again. That’s a huge error, and I’ve heard about too many broken carbon bits to put my trust into some number stamped on a part with no other information."
http://james-p-smith.blogspot.com/2011/05/torque-wrenches-and-bicycles.html
"The data is clear – my testing with aerospace grade fasteners, calibrated torque wrenches, and calibrated load transducers shows min and max preload can vary from -38.5% to +84.1% from nominal. If you think that torque wrench is getting you the correct value, think again. That’s a huge error, and I’ve heard about too many broken carbon bits to put my trust into some number stamped on a part with no other information."
http://james-p-smith.blogspot.com/2011/05/torque-wrenches-and-bicycles.html