7/0.2 wire is 24AWG. That stripper is not meant for 24AWG, but the way that one operates it shouldn't make a huge difference in wear on the tool. Rather it probably won't strip properly without damage to the conductors - just as it would if the wire gauge isn't set correctly.
In any case wire strippers will wear out with use no matter if used correctly or incorrectly, so the good news for your customer is those ones are on special right now.