I have not seen a review on the V2 yet, but the v1 seemed to have some issues. The idea is sound, not sure if the design and materials will take a real hard bashing...
I had him make me something similar to this a few years back, wasn't impressed with the build quality and materials used though. It's a good idea but the use of plastic spacers and the lack of tapped holes just shows a lack of quality IMO.
But hey, he has stepped his game up since back then, he's using some form of CNC now, looks like a waterjet, so it could be better than I remembered.
I have the V2 tranny in my X conversion. Overall I would not recommend it.
Pros:
1. Very smooth and very quiet.
2. Wide gears seem to handle the abuse.
3. Motor is centered in between TVP's.
Cons:
1. Cheap construction.
2. Gears are open to dirt and rocks.
3. Sits too low in chassis for a skid plate.
4. Only held in by 4 screws on one side.
5. Minimal clearance for larger motors.
6. Outdrive cups will not stay on the shafts.
I almost finished with my 1717 upgrade so I'll see if it withstands the punishment. I had to have it post machined to fit the larger motor. The smallest pinion gear that will fit is a 22T. Anything smaller and the motor can hits the idler gear.
It handled the CC 1518 with no major issues.