I bought this guitar stand for holding an acoustic guitar in a very instrument-busy band in which I do lots of guitar switches.
First of all, keep in mind that it accomodates only acoustic or classical guitars. You can adjust the width of the holding brackets but if you have instruments of clearly different widths (in my case 6- and 7-string electric guitars or a bouzouki) it will not "shrink" that much.
You will have to resort to other guitar holders or insert some object to give extra thickness.
If properly set, the balance is very good, and when folded it is quite portable.
The most serious problem, though, happened to my as early as the 3rd live gig with it. By simply folding it a bit too violently (but I assure you, just a little) the metal in the legs broke like it was made of plastic. I managed to repair it but I have to handle it with really extra care.
The metal seems really, really, cheap.