So I know this is an old topic, I have just found it and was interested in learning more about it.
Having had a try with it, using the method as described above numbs the penis for a number of hours. It still has some feeling, but certainly no pleasure or pain when touched. I can totally understand that in that state there is no way you will get an erection via manual stimulation - as you just can't feel anything.
Had a bit of fun with the different setting and boy you can get a bit of a thrill from it, if you set the setting on too high too quick i noticed it could lead to an orgasm.
Do note, I was able to get hard by mental stimulation.
For me, the affects lasted for only a few hours, however i continue to play and experiment with the different settings to see if I can get affects that lasts longer.
Would love to know how others have gotten on with TENS devices.