I bought this stand as my 5-slot rack is now full and my collection is growing fast. This is a very sturdy guitar stand, that feels that there is no guitar or bass too heavy for it to handle. Its height is adjustable and it comes with thick ring adapters that can be used if your instrument's headstock is too thin to fit.
The only feature I really miss is the ability to rotate it, as it would improve accessibility slightly, but I suppose that would impact its sturdiness, in which case I can live without it.