I hesitated a lot before buying this stand because I was afraid my Gibson Firebird and B.C. Rich Mockingbird wouldn't stay in place, but they do!
Another big pro: just by using the neck holder you can hang your mandolin, ukulele or shorter scale instrument as if it was a wall mounted holder, which is super handy for me; the neck holder is firmly locked by the clip-on design, but I wouldn't hang anything too heavy: that's not what it was designed to do after all ;)
Though I'm very happy with the product, I think it has a few drawbacks you should be aware of:
1-it's not ideal for guitars with nitro-finish (I have two of them) so you better put some sort of protectuve cloth between the stand and the guitar. I wonder if there's any way of improving this with some particular material.
2-there's no "safety block" on the neck holder, which can be great because you can quickly swap guitars, but if you have clumsy kid or pet (or partner!) that might be a bit risky.
None of these were deal breakers for me, but it might be for you, I hope this helps!