Do you really need a full blown rack?? Other than losing out on the possible plate storage.
Just received the SML-1 Rogue 70" Monster Lite Squat Stand today with the spotter arms. Ordered it Monday evening. Actually cheaper than the S3 squat stand and you get heavy duty gauge. Just don't have the pull-up bar.
It will be replacing my old Craigslist full rack. I think the squat stand is great for the size, $$$$$$, and ability to move it around compared to a full rack.