I can't offer any opinions on the machine quilting frame, since I rarely machine quilt. But on the floor frame for hand quilting. I think that frame offers such a very small area to be able to quilt in. I have used similar frames that offer a much wider area for quilting. My favorite type of floor frame is the simple one my husband made for me. It fits any size quilt. It can be used like the floor frame you have pictured, if you don't have the space to stretch a quilt out to full size. Here are pictures of my homemade frame.
http://www.quiltingboard.com/main-f1...me-t81725.html
It is like those used in old fashioned quilting bees. I like it because I never have to worry about wrinkles in the backing or having to baste anything.