I don't know how much different the 303 magazine is but I have a Daystate MK4 and have tried to reverse the pin and magnet on a couple of magazines for the same reason as the O.P. Both times I've done this the magazine wouldn't index any longer. It was as if the magnet changing position was strong enough to effect the catch which stops the drum from moving more than one position at at time because the catch wouldn't return to it's correct position. I switch the magnets back on both magazines and they both worked as they should.