Never had much luck with it. I used hairbands to avoid leaving a strip of anti-halation layer on the neg, and they were too loose. On more than one occasion I ended up losing the elastic off of the sheet at some point in the process, resulting in the neg sticking to the sides of the tank and having corners poking out of the soup for most of the developing. Uneven development and in one case even a whole corner that didn't get fixed.
So I bought a cheap set of 5x7 trays on B&H and tried pitch black tray development for the first time this morning. Went perfectly, the negative looks flawless, and doing it all in pitch black was way less of a big deal than I thought it would be. 10/10 would recommend to a friend. Surprisingly it doesn't even seem to have thrown off my zone system calibrations (which were set up for 35mm and 120 film in a steel daylight tank), or at least not enough that I feel like I need to recalibrate. Guess in terms of final negative contrast, there's not all that much of a difference between agitation by inversion in tank, and agitation by rocking a tray.