Catalyst-transfer polymerization (CTP) has emerged as a useful method for synthesizing conjugated polymers with control over their length, sequence, and end-groups. However, the extent to which the polymerizations are living and chain-growth (or not) is highly catalyst and monomer dependent. Few studies have elucidated the impact of these identities on the stability and reactivity of the key intermediate, especially under polymerization-relevant conditions. We developed herein a simple experiment to identify catalyst stability and ring-walking ability using in situ-generated polymers. The combined results show that the ancillary ligand, metal, and polymer identity all play a crucial role. While each catalyst studied walks efficiently over large distances in poly(thiophene), the trends observed for poly(phenylene) highlight the differing roles of transition metal and ancillary ligand identities. The insights gained herein should be useful for extending CTP to other monomer and copolymer scaffolds.