This bike lift is almost identical to the more expensive Racor list. We purchased a Racor first, then three of these. The only difference is slightly cheaper rope, and different pulleys. For the price, I'm happy that I went with this one.
Review from my Racor purchase (applies to all of them):
We purchased four lifts (three of this brand, one Racor) for our garage and are happy with them. We were able to position each bike about 16" apart and have no trouble getting any bike up or down.
I have several hints from our installation, and one complaints, but on the whole am very satisfied:
* Works smoothly
* Clever, simple system
* Locking mechanism for rope is nice
* Installation is straightforward
* Hooks need a safety strap, depending on where you attach them
* I attached the hooks to a lower location on each bike to have the bike lifted all the way to the ceiling. This gives me enough room to stand beneath the bikes without bending my head.
* I used some of the extra rope, after cutting to an appropriate length, for safety straps for the hooks. Depending on where the hooks attach, they may not have enough bite to fully trust -- easy way to prevent potential injury (see an earlier post on earthquakes!!)
* I don't recommend using the supplied bracket for excess rope. I just coiled the rope and hung it from one of the quick-release levers on the bike. Works great, and keeps the ropes from getting tangled.
On the whole, I'm happy with our purchase. Almost identical to the Racor lift here Racor Ceiling Mounted Bike Lift #PBH-1R
and a significant savings that adds up if you're buying several.
UPDATE: January 20, 2010
After living with these hoists for a while, I have mixed emotions:
* Hooks do not have a deep/aggressive enough curve, resulting in a less than optimal hold depending on what part of the bike you're trying to hold.
* Some sort of safety strap is necessary on each hook, partly due to the shape of the hook.. I dropped a bike several times due to the hook not holding reliably, a strap would have at least made this less painful.
* While the hoist makes the bikes easier to raise and lower (minus the hook issues), it is not able to get the bikes as high as simple bike hooks mounted in the same location
Given the lack of trust in the hold provided by the hooks plus the few inches of lost clearance that make a difference in our garage (though our mounting situation may be lower than yours) I've gone back to good old bike hooks to store our bikes.