If I were to have a hatch, these would provide the "elastic" portion of a security system.  IE: they work to hold it tightly.  I would also have an absolute system (strap with a positive, over-center locking device) to prevent the hatch form traveling far, should the magnet somehow fail.
Being even more anal retentive than Hairy Mick.  I refuse to have anything with any moving parts on my boats.  And, I refuse to construct a waterproof hull, and then cut holes in it.  Why create a leak where none existed?  Hull integrity is too important to intentionally compromise it.
"Moving parts don't", but "leak-proof tanks do".