Not to slight anyone, however, if you do the comparison the Innovate is a far better device. Two of the the key features is a faster sampling rate and the ability to self correct the O2 for age and for ambient conditions. The Dynojet uses a technology that is affected by pressure and temperature, thus, changing the output data relative to placement.
If you want to go one step further the Innovate software now makes the parts and pieces a complete logging system. I now pick up (from the PCM) throttle position, IAT and RPM. I also monitor fuel pressure (autometer) and acceleration from the the Innovate Aux Box. this is all logged with the LM1. The Xd gauge also fits perfectly in the viper dash pods. Take a look at the forums on Innovate and WBC and you will see a huge difference.
The chief engineer for Innovate (Klaus) has an amazing knowledge base and will answer all questions. As an example I was having a problem correlating the LM1 to a dynojet reading. The problem is the dyno operator (very common) was using a large smoothing factor on the a/f curve. The problem is when you use real time smoothing it is an average, therefore, the curve is very inaccurate from 2500 thru 4000 and only gets accurate after 4000. The reason being, the a/f prior to the start of the pull is averaged into the first 1000 or so rpm. Klaus knew immediately what the issue was, that is valuable. If you dyno in the future have him turn off smoothing during the run. With the LM1 you can always smooth after the fact. Take a look at any dynojet a/f curve, that is not real world.