Weigh your risk factors, but overall that lock appears like a solid protection mechaism for between a frame and a bike parking stand.

The most important thing is to ensure the parking structure is secure and robust such that the lock can't be wiggled out. Never use a thin/short tree, a road sign or other thing whose bolts can easily be undone. Second, is to attach the frame, or better a tire and the frame to the bike parking structure, never lock only the wheel.

Risk Factors (you don't have to answer the questions or anything, just stuff for you to think about):

• Location: Indoors/Outdoors, Notoriety of area for thieves, urban, suburban, campus, how many people pass by the area
• When and how long: Time of day/week/year. Will it be unattended for 5 minutes vs. 1hr vs. 3hr. vs. Overnight?
• presence of streetlamp and/or camera nearby
• Value of your bike as a target: dirty/shiny? Unique? Electric or have any sensors? Saddle bags? Other accessories?
• how easy it is to remove your tire(s) and seatpost.

Register your bike in your local system if you worry about it being stolen and/or resold. In my part of the world, 529 bike garage has a program to help track, find and return stolen bikes.