There are a dozen or more home-mechanic type repair stands out there, and not a one is lousy. We haven't tried them all, but we have tried many, and this is the one we prefer. Seat post grabber (sold separately) grips a short section of exposed seat post, and releases it in an instant without monkeying with clamps. This makes it all so easy to do that 5 second quick chain lube or derailer adjustment. Of all the good home bike stands available, this one is by far the easiest one to use if the top of your saddle is 17cm or less above the top of the seat tube.
Another neat thing is how well the bike balances on it. This is a weak point with most home-mechanic stands, but this Minoura is really good, hard to tip over. It's adjustable, foldable, easy to transport, and well made in Japan. If you work on bikes a lot, you need a stand, and you'll be hard put to find one any better than this.
Get the tool tray unless you like working on your bike with your tools and parts all over the ground.