That's way easier that what I usually do Ryan 👍
I'll place one magnet in one side, place the second opposing magnet over the first with some tape in between to reduce the grip, then place a piece of DS tape on the to-drill surface. Close it up and press, 80% of the time the magnet will stick while letting go of the other magnet and I can trace it and continue 🙄
With a laser cut template, no worries, but more work.