I am very happy with my II Silver Bullet. I don't think it is laggy at all. Very close to stock. I use the truck to tow occasionally, plow snow,haul firewood and construction materials, daily drive and it performs great. The install kit was complete and Henry has them at a good price. I think it is a great turbo for a truck that still gets used as a truck. Mine is a 66/74/14 and I'm running the stock trans tune.
I was thinking of the turbo lag logging thread so I tested it the other day and with no sprcial 5th gear only trans tune just rolling into it light enough so it won't downshift out of 5th torque converter locked.( a real world situation) 1500 rpm zero boost to 20 psi was well under 5 seconds. I wasn't logging and didn't have a stopwatch just counting in my head.
If I wanted to build a do it all truck I would pick this turbo, an HTT66, or stock twins.