I have played with the Park Tool TS-2.2 in the past and it certainly is a fantastic tool, which is why it's a shop standard. I battled long and hard trying to decide which truing stand was right for me. Ultimately I settled on this one because functionally it's almost exactly like the Park version but saving ~$100 was quite appealing.Overall I would have to say that the Park Tool version has a *very* slight advantage, but it's only slight.The knobs on the Park version feel a little better to me and the chrome is nice and shiny. This is pretty inconsequential, so I'd say the biggest advantage is that the Park version has the option of attaching a nice ready-made dedicated base which allows you to tilt the entire TS-2.2 to your liking, plus the base has handy slots for small parts (spoke wrenches, spoke nipples, a small bottle of lube, things like that). The base does not come with the stand and will run you an extra ~$35. Another advantage is that the Park stand comes with removable plastic clips which attach to the end of the calipers, helping to prevent painted rims from being scratched. The Park version also readily accepts dials which measure tolerance (not included), but that's overkill in my opinion as I'm not willing to spend an additional ~$115 on a couple dials - but if you want that sort of thing then Park is probably the way to go.However, that doesn't mean the Bikehand tool is without its own advantages. The calipers are easier to adjust laterally which makes dealing with wheels which are out of dish easier. This is great for wheel building if you are like me and do the dishing process toward the end, but still want to keep your rim true throughout the tensioning process. As you move the wheel closer to dish you can adjust both calipers to compensate via two hex bolts - very easy.Also, the Bikehand tool is much more stable out of the box, the Park version really should be mounted to something whether that be a base of some sort or a bench. Both stands can easily be mounted to a bench. Both stands are shop quality and should easily outlast you provided you give them proper care.These tools are more similar than they are different. The Bikehand tool is just as capable as the Park tool and a competent wheel builder will see very little advantage with the TS-2.2. If you're willing to forego the Park Tool badge then I say save the ~$100 unless the Park Tool-specific features appeal to you.