This is a stand with some "dignity", meaning that it is sturdy, stable, and stands straight up, as you put it, and stays that way! And it is quite cheap! I can not say much for its durability for sure as I did not own it for a very long time, but in the few days it was standing around after I got it, I used and tested it well, and it seem to have been "built to last"!
I think this stand is definitely worth the couple of bucks more than the cheaper models, for something that works like a premium mic stand! It should hold if treated nicely, meaning not putting too much force when turning knobs, adjusting, etc.