I'm not 100% sure that this hasn't been done before, but Ive never seen it.
I wanted to share an experimental tension tool design that I am playing with.
In a sentence, its "An adjustable, flexible tension wrench which allows for maximum access to the keyway." It shares the principal function of the Falle style tension tools, however, it is smaller, and allows for a flexability, as found in a standard, twisted tension tool.
Materials needed:
-1 piece of brass tubing. 1/8" .032" thickness. +/- $2.00 at hobby shops.
-2 pieces (4.5" and 6.5")of windshield wiper blade insert (or similar material) .0275 thickness / .0975 width
tools needed:
-vise
-files (or dremel)
-hacksaw (or dremel)
-heating torch
-pliars
1. prepare the tube by cutting it to length (aprox 3.75-4") filing and sanding the cut.
2, CAREFULLY crush the tub in your vice to an oval shape. place the tube in the vice horizontally, with the entire piece within the vice. crush a little and check, crush a little and check. The end result will be a tube which allows both arms (wiper blades) to be inserted, but causes friction so that they are tight.
3. remove the two arms and set the tube aside.
4. file the tips of the arms to a very narrow, tapering tip. The long arm should be slightly narrower than the short arm. The long arm will be entering the top of the keyway.
5. bend the arms as noted in the illustration. heat the tips and make as SHARP of a 90* bend as possible. (this is important) then, at the base of this turn make the second bend. the idea of the bends is to have the tool exit the keyway, and move out of the way of the picking space in as small a distance as possible.
6. insert the small arm into the tube.
7. insert the long arm, and stop just before it exits the tube.
8. bend the small arm's tail so that it wraps around the tube and locks it in place. The long arm should be tight, but able to slide up and down in the tube.
finished!

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The tool is compact and sturdy. The two arms, when closed, support each other to protect against damage.
The long tail allows the tool to be flexible, like a regular twisted tension tool.
You can make index marks on the tail that correspond with different brand keyways. (kwikset, schlage etc.)
Use requires a thumb to be placed on the top of the tool, to prevent it from being accidentally forced out of the keyway when raking. The nose picker finger can apply pressure to the long tail to apply the tension.
Enjoy!