OK, this is always a bit of a “thorny” subject, but here goes: Wayne’s bearing approach was always designed to be “the low cost alternative” to the IMS problem. To that end, he has only one style bearing; there is only a single row type that is used with spacers in a double row application. The bearing is all steel, but supposedly has an improved seal and “lifetime” grease lubrication. How long this seal will hold up is an unknown. It uses a larger center stud, a known weakness in the OEM design. The Pelican unit uses an OEM style mounting flange.
The LN unit is a ceramic hybrid bearing that according to the specs is much more durable than steel. It comes in both single and double row styles (as well as a triple row version for the 2005 and later cars requiring a total tear down to install). It has no seals and is splash lubricated by engine oil. It also uses a larger and stronger center stud. The LN unit uses an updated flange that they produce.
In essence, the Pelican is just a new factory bearing, with perhaps better seals and a larger center stud. It is not immune to same potential issues the OEM bearing had. I am somewhat ambivalent about the use of single row only with spacers in a factory double row engine; how this will play out long term is unknown. Wayne has stressed from the outset that he want to see these bearings replaced at a minimum every 40K miles, or whenever the clutch needs to be done (if sooner). This obviously fails to take into account the Tiptronic owners, who typically pay a bit more to have the IMS updated done due to the more complex nature of the automatic cars from a labor standpoint, and obviously do not have any expectations for pulling the unit again for maintenance reasons. The total installed base for the Pelican units is rather small, perhaps only numbering in the hundreds as it has only be available to customers since April of this year. In any case, with such a small installed base, and no information on any potential failures available, no real longevity data is discernible.
The LN bearing has been sold commercially since March of 2009, and therefore has a much larger installed base; the last numbers I saw were in excess of 7,000 units. Of the units installed, only a handful (7 or 8) have encountered problems, most due to poor installation or ingestion of debris from other non IMS related engine component failures. The single bearing cage was redesigned with new material in late '10 and there have been no failures of that part reported since. The double bearing part has no reported failures. At last report, there was only one failure that could not be accounted for. Suggested maintenance intervals for the LN unit are 5 years or 50-60K miles, and this is based upon LN’s conservative view until they feel they have sufficient data to extend the intervals. Ln has a network of installers available for those who chose not to do it themselves.
In my world, the largest disconnect is that for a customer that pays a shop to do the update, the price differential between using a Pelican or a LN bearing is only about $300-400 (depends upon which style bearing) more for the LN unit in a project that is probably going to cost over $2K. The Pelican approach gives you a new old bearing, no different than what you started with; and in some installations, a smaller bearing (single vs. dual row) with spacers holding it in place. Whether it will have a longer or shorter life than the OEM unit is yet to be determined, but in any case, it will have to be replaced more frequently.
From what we have seen, the LN unit appears to be a more robust solution, with correctly sized bearings available for the application, and with continuous lubrication. The modest cost differential seems to be more than offset by the LN unit’s longer projected life expectancy. I would guess that it comes down to a personal decision; if you are only planning to keep the car for a short time, perhaps saving the money would be an approach to consider. If your plans are different, you may choose differently as well.