Regarding the Sherline MB vise fixture: I have the version with Versagrip jaws. Sherline sells that version for hiolding round parts, but I figured that the Versagrip jaws would hold rectangular parts too. I found that to be true.
MB stands for MiteeBite -- the company that makes the jaws.
The fixture does provide clamping force --using an offset screw. The clamping force has the potential to bow the mill table when the fixture is used to hold big or thick parts. Mounting the fixture on a tooling plate is better, but the milling plate needs to have two t-slots for the fixture to mount to.