Does this "cinch lock collet" secure the bit so that that it cannot be pulled out without "unlocking" it?

Hello Engineer Type! Yes, think of it like an impact driver sleeve. You will need to pull back on the collet in order to release the bit. Thank you for your question!

Can it drill into studs and thin layers of plastic? I install alarm keypads, motion detectors, etc. I have my real drill as a backup.

Yes, But. I have drilled into particle board for small pilot holes. The holes are for wood screws. Sizes vary #8 - 12. You can expect to drill and set 6 holes and screws. The last couple will be using your wrist. Then time for a recharge.

can you take this in your carry on bag with traveling?

I'm currently researching this as I recently had a similar product confiscated by the SLC TSA recently. From what I found, you are allowed to take a tool (screwdriver) that is less than 7 inches fully assembled. However, powertools are not allowed as carry on period. So while this is less than 7 inches (6.9 per Skil's website), it may be deemed a powertool, therefore can only be transported in the cargohold. But it has a lithium baterry, so theres that. I tweeted @AskTSA to get a definitive answer.

How is the battery life?

depends on usage if you had a project taking some 3-4 hours and used the device constantly you might drain the unit down below below 25% if you go too low a light will flash for low battery.. I think it is red. when the unit is back at full charge the light is either green or stay on solid to show full charge.

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Description

🔧 Power meets safety: The screwdriver every savvy pro needs.

PRECISION AT 230 RPM - Optimal speed for everyday household and electrical projects—effortless control.
ILLUMINATE EVERY DETAIL - Dual LED lights brighten dim spaces—never miss a screw or wire.
COMPLETE KIT FOR DIY PROS - Includes 9 bits + magnetic holder—your all-in-one solution for small projects.
CORDLESS FREEDOM ALWAYS READY - Recharge anywhere with universal micro USB—no downtime, just get it done.
SAFETY FIRST WITH CIRCUIT SENSOR - Patented tech detects live wires up to 1 inch away—work smarter, safer.

The SKIL Rechargeable 4V Cordless Screwdriver combines patented Circuit Sensor Technology for live wire detection with a rechargeable lithium-ion battery and micro USB charging. Featuring 230 RPM speed, dual LED lights, and a 9-piece bit kit, it’s designed for safe, efficient, and versatile use in household and electrical projects. Compact and lightweight, it’s the ultimate tool for millennial managers who value safety, convenience, and precision.

Specifications

Brand	Skil
Number of Items	1
Head Style	Collar (Flat/Phillips)
Material	Metal
Color	Red
Recommended Uses For Product	Household maintenance, Electrical work, DIY projects
Special Feature	Rechargeable,Cordless
Item dimensions L x W x H	1.42 x 6.61 x 1.42 inches
Item Weight	7.76 ounces
Model Name	SD561201
UPC	039725994578
Global Trade Identification Number	00039725994578, 20039725034308
Manufacturer	SKIL
Part Number	SD561201
Item Weight	7.8 ounces
Product Dimensions	1.42 x 6.61 x 1.42 inches
Item model number	SD561201
Batteries	1 Lithium Ion batteries required. (included)
Size	One Size
Style	4V Screwdriver
Finish	Brushed
Pattern	Screwdriver
Shape	Rectangular
Power Source	Battery Powered
Voltage	4 Volts
Wattage	5.2 watts
Maximum Power	5.2 Watts
Item Package Quantity	1
Number Of Pieces	1, 9
Speed	230 RPM
Special Features	Rechargeable,Cordless
Included Components	4V Screwdriver with Circuit Sensor™ Technology, 9-PC bit Kit, Magnetic Bit holder, Micro USB Charging Cable.
Batteries Included?	Yes
Batteries Required?	No
Battery Cell Type	Lithium Ion
Warranty Description	5 year warranty