Thank you for the excellent review!
The sound from a magnetic PU has quite a different character (reminiscent of a fretless EBG), and it's up to the player to decide how & to what extent that should be used in the mix, but it sure is another fresh crayon in the toolbox, and a very usable one too. It can fill a void left by other PU systems.
Wrt arco, I suspect the hexagonal (adjustable) pole pieces cause lateral variability in the magnetic field, resulting in lateral sensitivity of the pickup, so that arco works (in the sense that you get a substantial output). But particularly arco sounds quite synthetic, and quite distant from the acoustic sound of your bass, I would guess. But that too can have a place.
Another advantage of a magnetic PU could be that it is less sensitive to the instrument. That means lower feedback sensitivity, and also that you should get largely the same sound if you were using any other instrument with the same PU & strings. This is so because the PU only responds to the movement of the strings in the pickup's magnetic field, and only a fraction of the instrument vibes feed back into the strings (particularly arco).