Although visibility and wind catching tendency of fletching in a bow quiver can be a factor when hunting from a tree stand, in my opinion the practical aspects more than make up for it.
Some mention not liking the feel of their bow with a quiver on but it doesn't bother me in the least. I've gone full circle a few times, having tried 5 different types (with an open mind let me add) and I prefer a bow quiver for what I do.
There is no such thing as an even near perfect quiver because of what they are made to carry and what we are doing when we carry them. Arrows are long, fragile, and must be kept dangerously sharp. The fletching is noisy when scraped, is usually bright and may be rendered useless if wet. We carry several and they must be readily accessible...that is quite a list when you think of it!