I used that last weekend and it worked great. Just make sure if you are replacing pads at the same time that you depressurize it while the caliper is unmounted or take precautions to prevent the caliper piston from moving. I didn't and the front right piston popped out of the caliper and made a gigantic mess. It was a stupid mistake that fortunately only cost me an extra liter of Pentosin DOT 4 LV.

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8/2011 X5 xDrive35d Sport, Black Sapphire Metallic, Black Nevada Leather, Fine Burr Walnut Trim
2/2001 M5, Jet Black, Exclusive Complete Black Walk Nappa Point Heritage Leather, Black Cubic Trim