It may be 'cool' but make sure it can hold an engine of at least 750 lbs or so.
next get 6 8M bolts (4" long)
** hope you have a hoist or 2 VERY strong buddies ***
hoist the block up and bolt the tranny bellhousing bolts to the bolts threaded thru the stand face (the fingers that are on the plate)
next 2 weeks - build muscles using the puny Autozen handle on the plate and try to turn the engine block
ooops - did you assemble the stand with feet sticking out before step 1 ?
just kidding - ask away if you need more pointers (I cracked the rear boss on a AMC block 22 yrs ago when I did not bolt it in right, got my ass kicked by my boss then (yes child labor was legal in India back then

)