I have the Ulmer Quilter, but it was purchased a long time ago and am not sure if the current one is the same or not. I started quilting in 2004 and bought it soon after I started. I would buy it again instead of a full size frame which is as long as your quilt is wide. I did not have enough room for a set up like that. The Ulmer Quilter is about 4 foot long and the excess quilt hangs over all four sides. It worked well for me. After using it for a couple of years, the glued joints got loose in a couple places and my husband reglued it and it worked great again. After a while I started machine quilting, but I still use it occasionally when I need to hand quilt something, like a panel.
Pat