I have the wrist rest on both of my RS's. There are three main parts to it. The outer weighted part, the knurled ring, and the inboard ring.
The knurled ring is threaded onto the outer weighted part. When you turn it, it pushed the inboard ring up against the end of the throttle grip preventing the throttle return spring from turning the grip to close the throttle.
The inboard ring floats on the outer weighted part. A roll pin keeps it from coming off. Since the weighted part is steel and the knurled ring is aluminum, there is the possibility of corrosion seizing the two parts together. A couple shots of penetrating oil should break them loose. The inboard rings on mine are composite and shouldn't have any corrosion issues once the knurled ring is freed up.
They are good for holding the throttle to give your hand a break. The only issue is that the knurled ring has a tendency to back off because of the vibrations in the handlebars requiring frequent adjsustment. For this reason, I would suggest cleaning the assembly well with brake cleaner once you get the knurled ring loosened up, and to avoid the use of any lubricant on the knurled ring.