Good bike repair stand. I can't say "great," because it arrived with some small plastic pieces broken. These are small pieces that go between the legs and the supports for the legs to act as a sort of buffer to prevent metal to metal scraping. They are just too fragile, it seems. 3 out of 4 legs had these broken upon arrival. However, these are really only "nice" to haves, not need to haves, and they don't really detract from using the stand in any way. Once you have the stand set up, you don't worry about these at all. The main clamp holds the bike well, if you take care to balance the bike properly. The bike may tilt in the stand if you don't balance it - there is a weight limit to the clamp. I like the included tool tray, but I wish it was more adjustable in height (it is essentially fixed in one position). And the tray could be larger. Otherwise, I am quite happy with this stand. I have worked on several bikes using it, and assembled one out of the box. It makes the job of doing things like adjusting brakes and indexing derailleurs so much easier. The price of this stand is excellent considering the quality.
There are two major types of headset- older, threaded headsets that have a quill that drops into the stem of the fork creating an interference connection, and newer threadless headsets that the stem is bolted and clamped on to. Flat handle bars are preferred by off road cyclists who can ride in a more upright postion whilst still having the controls at their fingertips, whereas drop handlebars offer more cycling positions and are favoured by road cyclists who typically spend more time in the saddle. The controls attached to the different styles of bar are operated and maintained in different ways.
Change and a $20 bill: In case your cell phone’s battery dies, it’s nice to still be able to use a payphone if you need to. Also, the $20 is a great thing to have in case you lose your wallet or have some other mishap. I’d rather be able to sit in a coffee shop or fast food restaurant when it starts raining while I’m waiting for my friend or cab ride, and a hot cup of tea or coffee or the beverage of your choice and a snack makes it all the more pleasant. Just try to remember, this is for emergencies, and if you use it, replace it ASAP!
Whether you ride a single, 7, or 10 speed bike or anything in between, you will need a slightly different chain. The major difference is that they come in varying widths to accomodate the different spaces between the gears, but quality of construction is also a factor in choosing a chain. Inspecing the chain should be a part of your regular cycle maintenance procedure- It’s important to keep a chain well lubricated, but oil will also attract dirt and so different oils for specific riding conditions are available. Remember to clean your chain regularly to get the longest life out of it and the gears.