I had that same lift; in fact, I just sold it today on Craigslist. It was never very useful for either my DL650 or with my current Super Tenere, mainly because there's nothing underneath either bike that provide a very stable place for the lift to make contact. I had debris guards on both bikes (the kind that use the engine as an anchor point). A couple times in a pinch I jacked the bikes up with the jack under the debris guard, but I was never real comfortable having the weight of the bike bearing down on the engine attachment points. It worked fine on my Harley, which had a wraparound frame, but for bikes like the V-Strom, a centerstand is probably more useful.
"No matter where you go, there you are."