I considered buying that as well, but the local Powertec dealer offers a rack system (power rack + pulley system + bench) for an incredibly low price!
Maybe you can make a better deal if you go for a package, too.
When I compare both racks directly, the Body Solid Rack has more safety positions, which is a plus. Yet I like the round safety bars of the Powertec model better - one could use a wrist roller with these (check PDA, though the price is astronomical). I also like the Powertec chin-up bar better, because it offers a parallel grip. If you are able to do some welding, you could of course modify the Body-Solid rack to fit your needs as well. I have tested some Body-Solid equipment at a fitness exhibit, and their products seemed really "solid" to me - in a homegym, they should be able to pass the test of time.