Have always liked these Racks.
OK, will they rust? Yes if not properly taken care off. So when you wax your bike, wax the rack. I liked the design better than the Kuryakyn. It was simply a matter of choice. This was installed on my 2005 GL1800. My bike is metallic blue so it breaks up the color nicely. I guess I would say - it accents it.
Formerly I owned a 1996 SE with this type of rack. The small rubbers and washers caused a hair line crack to emerge on the underneath side of the trunk. My son and I fiber glassed over it, then I bought the large flat chromed washers and placed them under the rack's legs. I did the same on my current 2005 when I installed the rack. The larger washers spreads the concentrated weight out over the trunk more. Less chance of a crack appearing. Just don't exceed the total weight if strapping stuff on.