It is simply an over the top, at any cost, suspension application for mopar owners who want all the latest or the best of everything. It is no different than building a 7 second big block street car; what does it really gain you over a strong 440, but it is cool to say you have it. But then again, IMO, not many car owners who have them can fully utilize the flexability of coil over systems anyway, whether eit is Magnumforce, RMS, or someone elses system. However, they all drop a fair amount of weight off the car, which is never a bad things.
Honestly, if you were using your E body in some serious comeptition arenas that do not have the stock suspension requirements, it would be great for those applications. I'm thinking something like an IMSA GT class or NASA American Iron or AI Extreme. John Buscema, who runs XV, has considerable experience in open road competitions like the Silver State Challenge and the Pony Express. His intention when building the Level 2 set up was to create a clean sheet of paper design that would fit under mopars and provide the ultimate on road holding capability and performance for those type of extreme competition models.
So, is it worth it and what does it get you over good stock set up? Well, the value depends on the application. If your running some high zoot competition, it is definetly worth it for the improvement, adjustability, and easily available replacement parts (it uses predominately vette parts, btw). What will it give you over stock, that really depends on how good a driver you are. I know drivers who can tell when a tire is a couple pounds low on air. If you are that good then you will appreciate what the Level 2 brings to the table. Based on my experience, a solid stock set up with good shocks will serve 90% of the drivers with what they want. A modified set up will get the next 5%. An optimized stock set up will serve the next 3%, and only 2% of the drivers out there will, or could, fully utilize the capability of the L2 system.
But that is just my opinion, stinky as it may be. Personally, in the spirit of a sleeper, I'd rather have what appears to be a stock set up that grips like mad and has others scratching their head about how good it works. But that is probably because most of my experience has been in strictly regulated, stock style, racing classes.