The mechanism is basically the same as is used to release a crossbow bolt or a rifle firing pin. Failure causes could be the ram sticking and failing to withdraw completely or the trigger mechanism sticking, delaying tripping the ram.
However,every time we use some automated process, we introduce a probability of failure. When machining, the failure modes can have disastrous consequences. I would feel safer with relying on this mechanical device than I do with my CNC mill.
I would wonder about rigidity as the mechanism must have enough clearance for free movement of the ram.