will it hurt. whats your opinion

This reamer Lisle 36500 reamer came in last night and I used it this morning and I am not impressed with it at all. I used it on 2 cylinders and it doesnt seem to cut properly. I had the adjustment almost as tight as it would go on the top and there is still a small ridge left. It just doesnt seem like it is cutting as much as it should.
I have never seen that one before. I do not see where the cutter is located.
The one I have that works flawlessly is;
OEMTools pt # 77030. Found on a Canadian Tire post available for loan out. There must be sources in the US.
I just looked it up and seems available through Amazon.