This orange device is for placing all through hole components, press with the sponge cover, flip on the other side and solder by hand.
This is not for a bath soldering, although you can place components then slide the pcb through a solder bath. Have not done that.
For SMDs either I order from JLCPCB the pcb with the SMD components (when low quantity is required) or for more mass production I order only the pcb then have locally a company with pick and place machines for assembly of the SMD part. The rest is done inhouse.
One idea for the faston parts would be to make holes smaller, though this come too tight to fit properly. It is risky.
Ioannis
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