I've been running the Arrow Race tune (ver. 3) for a month or so now. I can't be 100% sure, but here are my seat of the pants observations.
1) Indy's tune is smoother
2) Arrow Race tune seems faster in the higher rpm's
I think your tune is a little too rich on the higher end for my bike and almost seems like it bogs it down. When I wack the throttle in second gear using the Arrow tune, the front end gets light and there is no evidence of black smoke coming from my exhaust. Your tune had black smoke and never seemed to feel like it was going to wheelie.
Again, only my opinion, and I have no actual proof. I do know for a fact that your tune is smoother though.