The dumbbell kickback does one thing no pushdown or extension can: it loads the triceps at full contraction, with the arm completely straight behind the body. That peak-squeeze bias makes it the natural partner to overhead extensions, which load the opposite end of the range. Program 2 to 3 sets of 12 to 15 reps per arm at the very end of a push or arm session, after the pressing and heavy extension work, as the finisher that burns out whatever the big lifts left behind.
The exercise collapses the instant the upper arm moves, so build the set around keeping it frozen: hinge to near parallel, pin the elbow above the level of your back, and move only the forearm. The dumbbell will be humble, 4 to 8 kg for most lifters, because at full extension the leverage is merciless. Squeeze for a full second at lockout, lower under control, and progress in 1 to 2 kg steps only while that top squeeze survives.
As a main triceps builder, no; pushdowns and extensions move far more load. As a finisher, yes, because the fully shortened position they train is exactly where cables and skull crushers give the triceps a rest.
At the top of the rep the forearm is horizontal and the dumbbell's leverage is at its maximum, right where the triceps are at their weakest length. That mismatch is the feature: it guarantees the top of the rep is never free.
As close to parallel to the floor as you can hold comfortably. An upright torso turns the top of the rep into a rest position, because gravity stops pulling against the straightened arm.
Log your dumbbell kickback sets in 1RM.fit and watch your estimated 1RM update automatically as you get stronger.