All true, the SD2 chip will work very well right out of the box. Pretty much plug n play, except for wiring in the Wideband O2 and 3bar MAP to the Powerlogger analog input block. After that you're ready to rock n roll.
Of course then there's the tweaking and tuning that you can do if you want things to be perfect. My car never ran as good as it does even when new.
But I'm the kind of person that loves the tweaking part of it and trying to make things perfect. Since my car no longer races I've strived to make it's street manners perfect, and have succeeded in doing that, yet the WOT tune is so close I don't have to mess with it anymore either.