Wouldn't waste my money on it. You can get larger magnets cheaper or even free.
One simple way to increase your chances of being detected is to attach a neodymium ("rare earth") magnet out of a computer hard drive at the lowest point you can on your frame. The "skin effect" of these strong magnets disturb the induction loop making your bike seem to be a larger mass of metal.
As it states in the article below you want the largest mass of metal over the wire in the loop.
Here is a link for a simplified description of how detector loops work. http://www.labreform.org/education/loops.html
Here is a more technical description. http://www.marshproducts.com/pdf/Inductive%20Loop%20Write%20up.pdf
A source for Neodymium magnets. Read the warnings about breaking bones with some of these magnets!!! Also got some interesting videos.
Tim