I've used the 350 before, and it used to save my arse all the time. It didn't help much if your machine hated you, but if you had it tuned in and running good, the anti spatter did a commendable job of making clean up easier. The machines I was working with were far from tip top... so even on the best day you could expect a little "soft" spatter. On a bad day, those pesky "hard" bb's that you have to grind off were common, that's where the anti spatter came into play.
A brush with the glove or a pass or 2 with the chipping hammer was more than enough to take off the BB's. Sometimes though, nothing helped and you were stuck trying to get a 3" air grinder in a corner that you could barely fit your hand into (why anyone cared if there was spatter in there is beyond me... but that's what the customer wanted so that's what they got.)
That being said I never noticed any toxic fumes coming from it, it just smelled kinda like a cheap bathroom soap when it cooked off. Not that you would want to stick your head in the plume of steam, but it wasnt anything that needed a respirator to be around either. We got it in big 5 gallon jugs and put it into cheap plastic spray bottles, no mini hand grenades from metal cans.
My .2 Cents
-Clif