It was fairly stable... it never fell over. I only ran this setup a couple of times, and I started running the straps higher on the fork for more downforce after this.
If you want to store the bike upright, I'd get a fork mount. I have one for when I shuttle four bikes (one inside and three on the rack). This is the best photo I could find of the fork mount set-up. It's just a fork mount mounted to a piece of wood, and I use a screw hook and a turnbuckle to anchor the wood to the tie-down points.
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