I actually had a fairly positive experience of IQ testing, even if I didn't understand what was going on at the time. So far as I can work out, somewhere around the age of 7, I was tagged as being educationally sub-normal or, in the terminology of the day, thick. This was probably down to the fact that I was slow learning to read, couldn't do arithmetic etc.
Then they gave us a basic IQ test where I scored high. Without that, I would probably have been left in the bin labelled "thick", and I don't think there was much in the way of remedial/special needs teaching at that time. Maybe things would have changed anyway, but I think that that test improved the way I was perceived, and perhaps opened the way for things like being selected as the one to do that daily recording of the school's little weather station.
(And, about that time, I discovered that reading did have uses, that there were interesting books in the school library, suddenly I had a reading age 3-4 years higher than my actual, and
then they started teaching us basic geometry and non-decimal number systems, which really clicked for me.

I still struggle with arithmetic, though.

)
The downside of some of those tests is that you can train for them. I took a lot of them between ages 7-11, and had special extra tuition at the school (so, no remedial teaching that I was aware of, but special attention for kids with ability) which improved my scores. Perhaps more modern tests are less biased, but back then there was a certain "mind-set" to them and really what the tutoring helped to do was get me to think the same way as the people setting the questions.