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Everything is stable, build and everything is strong and good. I bought this (V2) after being happy with version 1 for some time.
The issue with the version 2 is that the rack mount gets in the way and cannot be removed.
It's hard to describe but sometimes you want the stand quite close to you while sitting (for example if it's a drum machine that you place on it) so you don't have to lean over it.
With the older v1 you can pull the stand in and it meshed perfectly with your sitting position to where it was almost like having the (drum machine in my case) on your lap. New version obstructs this with the immovable rack mount so I deducted 2 points overall as the usability has now gone down...