The Allison transmission in my duallie has a creamic magnet between the filter and the trans, I suspect it would fit other filters too. The magnet on the drain plug of my dragster caught a loose bolt, It had already done damage but it did stay on the magnet once it got there. I also found rocker arm needles from the bearings on a magnet.
I am totally sold on the idea, so is Moroso Race components and the allison division of
General motors.