yeah, i've got the 16x5v6 too, and have acutually been using it since i found out it wasn't broken.
it does push the cells very hard, even at 3mv/cell cutoff. they do run very well when charged with the vesc type of charge, and you are correct in saying that it never false peaks.
i did want to note that it has caused my weaker (older) packs to vent. they may have 30 cycles on them, so i really won't say they are truly old, just older than my race stuff. i'm not dissatisfied with it, but there is certainly a price to pay to get everything out of a battery on every cycle. i typically use the millenium to charge, but the eagle/integy charger does put some mad heat into the pack, and i believe the runs are better as a result.