Absolutely, a basic repair stand can certainly do the job for simple maintenance tasks. However, as a convert from a full-suspension mountain bike to a performance hybrid, I've learned that upgrading components, like switching from an 8-speed to a 9-speed, can introduce new challenges.
While a no-frills stand might suffice for basic tasks, investing in a more advanced model can provide better stability and precision, which is crucial when aligning derailleurs or truing wheels. It's like upgrading from a basic toolset to a professional one; yes, the basic set will get the job done, but the professional set makes the job easier, more efficient, and more accurate.
That said, it's all about finding the right balance between your needs, budget, and the value you place on your cycling hobby. After all, a repair stand is like a trusted mechanic; you want it to be reliable, efficient, and ready to handle any challenge that comes your way.