I use it for flash, or lighter LED panels. I can't answer about vibration or dynamic stress like mounted on a moving motorbike. I think less suitable. Vibration under camera load can possibly loosen the screw.
I am very happy with this clamp: I mount the camera directly on the Smallrig: (In the glider Cockpit on the instrument panel, see: https://www.youtube.com/watch) Absolutely stable.
I think the force of the ball is sufficient for an Insta360. But what about the vibrations and their effect on both screwdriving systems (clamp and ball lock) is another question.