I find that don't need two stands. Just the one 13' stand with a big footprint. I sometimes use the "baby boomer" arm as well.
The wing-bolt connection of the hollow PLM shaft to the cage is always a PITA - it always sags, even with the smaller PLMs, and not just with the 86". That's why I've long since modified all my cages in a way similar to
this except that I have the Buff cage instead of the Elinchrom version.
The mod uses a 1 inch long 5/16-24 bolt plus matching nut, plus the lock washer that came with the PLM cage. The bolt is attached to the cage as a permanent fixture. Then to use it, I screw on the appropriate hollow aluminum rod for the size of PLM I want, and I only need to hand tighten it. No sagging.
I usually use a white PLM in bounce mode with a black "convertible" cover and no front diffusion panel. Most recently, I used the 64 inch PLM this way - not because the 86" would have been too heavy, but only because it would have been too BIG for the limited space I had.