(This is not my final for-show arrangement, so don't judge.)
The type of stand someone makes or uses depends a lot on what they have to work with. If I had ceiling joists or some point of support above my work area, then I might use straps.
Considering I can easily manually lift the bike, I don't need a lifting mechanism - just a support. A cantilevered pipe at an adjustable height is a convenient system. And naturally, using the clamps makes the bike stable. I always did marvel at the way those clamps grip a pipe.