That is great if you want to run a fixed mag on an AR to keep your pistol grip and collapsible stock.
The grip wrap turns the gun into a featureless rifle and allows you to have a detachable magazine. Fixed mag on the Tavor doesn't work so well. I even hated the bullet button on mine since i am left handed and I went with the grip wrap to go back to the standard mag release.
Yes, the laws are confusing and written by a bunch of brain dead gun hating commies.