I used exactly those for a long time mounted to spade connectors.
Had to have bananas for Vandersteens, got a good deal on spaded wires.
Worked just fine, and now those same cables are more versitile.
You do have to use two wrenches to get them tight though.
Also, if you take them out to change a lot, you might need more retightening, as that action made mine loosen up much faster.
YMMV though..
Regards,
DeadFish