to answer questions in order...
only low gain pickups will sound slightly clean when picked lighter. A matamp will sound nice and dirty with MM pickups due to their high gain and ceramic magnet which makes it break up faster.
the only differences between the 5150/6505 and 5150II/6505+ are the names and the paint on boxes they sit in. Other than that, they are IDENTICAL.
the +/II has these differences from the original: footswitchable chanels, adjustable bias, separate eq's, separate presence/resonance for each channel, brighter tone, better clean channel, lead channel has a bit less gain (but still has 6 gain stages), rhythm channel has WAY less gain (3 gain stages instead of 5)
the adjustable bias would explain the difference Heavier than Hell experienced in the low end of the original.
As for advice, its a fricken WICKED amp for metal and hardcore, but not great for anything else unless you want to mod it. However, it is super cheap when you buy it second hand. Most of my friends who've had them went through a love hate relationship with them and eventually dumped them for a powerball (for the better clean channel). Personally, i'd say go try one out.