I bought this rack 3 years ago, and it is still looking great. It may be priced a little higher than the others, but it's built a little better. The chrome doesn't look cheap and there are no pits after 3 years.
I use the rack all the time. It's not just for looks. If I'm not using the fitted Kuryakyn bag, I just use a bungee net to hold stuff down.
If you have a break light / wing on the trunk, make sure you buy the risers that go with the rack. Make sure you follow the instructions to a tee. You want to make sure you have all of your alignment right before you drill!!