I got the same 300 deal as everyone else. I regularly use it to lift touring bikes, and it does the job, but center-standing a GL1200 on it is about a 2 man operation. The dropout rear section is great for service work. Overall it's makes an ok work station, not like a handy lift, but it fits the budget. I do the same thing with the tie-downs- move 'em forward and bolt them down.
Make sure to grease it regularly, use the safety bar, and it will last- I've been using mine pretty hard for 3 years, still works like new.
Lastly, it keeps your quads feeling good. Remember to switch off and get an equal workout!