Right, there's no "reserve tank", just two lines into the fuel tank, one which can tap the entire fuel capacity, one which "runs dry" when fuel drops below some level. The purpose is to give you a "reminder" that you're about to run out of fuel. How does it deliver this reminder? By you running out of fuel.
On a motorcycle, you notice the engine start to sputter, and you think "henh? oh ... okay" and you reach down and fiddle around until you find the fuel switch. If you're good, you get it going again before the engine dies completely. If you're not good, you end up on the side of the road, looking down into the fuel tank, seeing fuel sloshing around in there, wondering why the damn thing quit on you.
And thus the problem with using such a mechanism on a plane...
Ultimately, it's just a really inexpensive but dubious "low fuel annunciator". If you want to achieve the same effect without the plane threatening to quit at an inopportune moment, you use an annunciator that lights a little light bulb instead of starving the engine of fuel. Probably a better way to deliver that message.
-harry