I don't have direct experience with it, but I've seen reference to it before. The piece that goes between the camera and lens must have some optical element(s); normally you mount a lens reversed on the front of another lens. The price is darn high for what's essentially a mechanical/electrical adapter. You still need a good lens to reverse.
I took the approach of buying the 100mm/F2.8 macro lens, an extension tube, and a 2x converter. I can reach about 2.2x, which is plenty enough for me, and the 2.0X converter is useful for other things...
If one wants to reverse for really high magnification, I'd just buy a coupler ring. The reversed lens stays at full aperture, which is what you want. You control aperture through your main lens. The reversed lens stays at infinity focus, your main lens controls focus. You will likely not have good (any?) Auto-focus, but at high magnifications, it is of little or no value anyhow.
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