No responses huh? Interesting.
Couple of things I see, but can't confirm due to the angle of the image... so both just "possibles". ;-)
The quality of magnets nickel plating appears poor... are the conduction marks on the plating surface, or is the plating burned off? Nickel, although not a
bad conductor... isn't real high on the list of preferred ones.
The magnets should, preferably, not actually "touch". A properly done magnetic button will have one or both magnets recessed, so that the primary conductive surface is the surrounding copper, brass, silver... what ever the OE contact happens to be, but not the magnets themselves.
A good example of this is one of the oldest and best magnetic button
mods there is... the Madz Modz Nzonic, where both opposing magnets are well recessed into their large, silver plated brass contact surfaces.