Hey guys,
Thanks for both of your advice and opinions. I ended up purchasing the Ultimate Sport-Mechanic Repair Stand at my LBS. It cost more from the LBS than on the websites I visited, but I supported my LBS and I got it instantly and didn't have to wait to have it shipped and worry about it getting damaged (Not a tightwad, but I am anal). I saw several reviews on both the Park Tool and the Ultimate brand, but it seemed that I could save some by getting the Ultimate and it was still a long term asset for my cycling. Everyone was very happy with it the Ultimate brand (rated a 4.72 out of 5). I do wish the Ultimate had a comparable bucket like the park tool, but I did order the tool tray that should be sufficient for my needs. I am already using it for a restoration project on a Volkscycle I purchased.
http://www.pbase.com/cparker75/restoration