I had an HF 4 wheel stand and likely the same hoist that is in the pic above. Hoist will do up to 2000 lbs which means the boom comes out plenty far. I would suggest the leveler, the aluminum bracket is known to snap and it's nice to have any angle you want. On the stand.. four wheels is the way to go.
For the stand, I found some old bed frame (angle iron) to cut/weld up so that I could lay it on the stand to hold a larger steralite container (walmart). This let's you flip over engines/transmissions knowing they will leak/drip without a care in the world. Also did up a brace for a transmission to bolt up. That let's you work on them like the rebuilders.
Trans bracket
Hoist
Here's a before I made the bracket to hold the drip bucket. Sure the bucket would balance itself mostly, but it would also fall a lot.
Can't find one with the drip bucket holder. Essentially it was a couple of pieces of cut bed frame that were welded with cross pieces to make it so they locked onto the stand and held the bucket from tipping off the stand. Worked pretty well and I'd do a better job if I were making another.
Transmissions that were on that bracket (I'm missing a few lol)
Mine - Bonnie
Mine - Bonnie
Mine - Bonnie
Mine - Bonnie
Mine - Regal
Mike Dagger - Pull old broken one apart
Mike Dagger - Put new GXP trans parts together
Mike GTP/GT - Soleniods and 4th hub
Max - Green GTP
Max - Intrigue Freshening up clutches
Erich - Redo 01 trans for 06
Nowie - Forget
Andrew - Sleeper (Blue Regal now Marchi's) Broken one
Andrew - Sleeper (Blue Regal now Marchi's) Good one
Dude down the street (black GT) - Solenoids plus 4th hub
Engines on hoist/leveler - I can't consider remembering them all. It's a lot of use though.
If you want the super nice ... really great hoist. Get one that has a double pump, so it lifts on the upward and downward strokes equally. The ram on the double pump would look similar to this
http://www.ebay.com/itm/8-ton-Long-...-Pump-Engine-Lift-Cherry-Picker-/361196547072