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I thought about one of those as a cheap alternative to an upside down bike - only issue might be stability, if the whole lot flexes or wobbles when you spin the wheel it'll be a royal nuisance - the Park etc. ones are pretty meaty for this reason
I ended up making one out of a couple of old clamp stands & bits - at 20kg it's not the most mobile but a decent bodge & has a certain industrial chic...
Anyone got any experience with the cheap n nasty truing stands off ebay? (e.g. https://www.ebay.co.uk/itm/Bike-Wheel-Truing-Stand-Maintenance-Cycling-Parts-Repairing-Tool-Folding-Pro/333868407580?). About to press go on a first-time wheelbuilding project but the cost of a new stand is making me hesitate, and I don't really have the materials to go down the home-made route. Would prefer a decent second hand one but there's bugger all to be found on ebay!