A while back I posted pictures of my vertical spray booth (holds 2 shafts or 2 butts) and pretty much got blasted - not a problem, I accept and respect everyone's feedback here - that's how I have learned so much.
I also got some support, so it wasn't all one way.
I think the difference is in what you expect to get out of a spray application. Some like to lay on a spray coat as thick as you can (4-5 mils if memory servers me right) and let it level out as the cue shaft or butt slowly turns in the horizontal position. I have to apply lots of thin coats . I have occasionally gotten drips that I needed to sand out, but I've learned to go slowly.
Now, I'm not going to claim my finish has the deep lustrous look that others are able to achieve, but I think they mine pretty good.
So by far, the consensus is in favor of a horizontal booth and you should try to go that route - take advantage of the collective wisdom here.
And finally I should mention that one of my (MANY) projects in the back of my head is to look at converting my booth to horizontal and see what all the fuss is about!!

In my small shop, 36-40 inches of horizontal wall space comes at a premium, hence the original design.
My 2 cents!
Gary