Like many things, you can get crappy reliability in either gun.
My stock 10/22 and my stock M&P 15-22 are just about equally reliable with the same ammo.
While some folks may buy the 15-22 because it looks cool, there are many of us who buy them because the controls are identical to an AR15 and it makes for much cheaper training while retaining the body memory that is important for good riflery.
Butler Creek folding stock
I'm thinking about getting a folding stock for my 10-22 like what you've got. Is yours a true folding stock?
The only place I've found the true folding stocks lately has been cabelas and they're close to $100.
cant speak to the 10-22 but the 15-22 is awesome if you like tactical