Did I pass?: Yes
Was it useful?: Yes but don't expect that the world will change. The MBA is drifting towards being a requirement and is no longer a differentiator. It will open up your mind and knowledge on areas and specialisms beyond your own experience.
Any tips?: Yes, do the Finance module; don't be afraid...
Did it pay off? Maybe. I have developed at work and have a new title if that's what it means. I think it was necessary for me to advance.
How much work was it? Lots. If you are working full time then this will consume you evenings and some of your weekends for a couple of years. The coursework and books keep you busy.
Would I recommend it: If you need to keep working then yes, do this and get the most out of it. If you can afford to stop and do a full time MBA then you are lucky as this is no doubt much easier. However, doing the OU course while working in a relevant job is rewarding as you get to think about the theory and practice as you go.