Robby, all you have to dowith the peep is move some strands in the right direction to get the peep to rotate to the desired position. You just separate a strand or two at a time with your thumb-nail and move it to the other side of the peep, of course, in the right direction. It is for this reason that I do not serve a peep in until I've shot a string in and gotten most of the creep out of it.

The metal loops are good for several things, IMO, and none of them good. They add weight to the string slowing the bow down, wear the jaws of your release, and in a lot of cases just beat the dickens out of your cables, and cause noise. A total waste of money and energy. And there is always the issue of screws to come loose and cause injury.