[ewill3rd]

For street applications torque sticks are reliable proven devices.
I have been using them for years without problems.
One thing most people don't realize, including a lot of techs, is that they are designed for a limited amount of torque input.
Meaning, if you use too large of an impact gun with too high of a setting then they will still overtorque the wheels and potentially cause damage.
There is a way to "calibrate" the setting on your gun to work with the stick, although it has been a while since I messed with it so I might not really remember how. I have a gun I set on 3 and it works perfectly.
Also the gun has to be able to put out enough torque to begin with (minimum).

 

[ewill3rd]

As a note, I prefer the torque sticks that have a drive on the end and not a socket.
That way you can use them for different size lugs with the same torque rating.
It also allows for use of torque sticks on special wheels with low clearance lugs and locking adapters that may not be the same size as the lug nuts themselves.