The height-adjustable stand is pretty pointless in my opinion. It's inflexible and takes up too much space.
The lowest position is where it would be with the non-height-adjustable stand, so you don't gain any flexibility in the downward direction. In the upward direction you have 10 cm flexibility, which is not enough to be useful for many use cases, e.g. setting the display so high that your MacBook screen fits underneath it.
If you want height-adjustable, VESA mount + good third party arm makes way more sense. At least then you have actual flexibility, not a few inches of pseudo-flexibility.