The guillotine press – where you bring the bar down to your neck instead of the lower pecs – is a great chest developer. But there is risk. Keep these light and under control. This is not a bench press variation to go heavy on. And don't try to set a PR! This is bodybuilding, not powerlifting.
My favorite way to use it is 6 x 6 with 20 second rest periods between sets.
You can learn a lot from competitive powerlifters. But you can also really screw up your progress if you follow their "rules" blindly. Here's the cold hard truth.