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It's all about built from source ROMs now.
My recent update path:
Insane Nemesis 1.3 -> Lithium Mod 1.0.12 -> Sapphire 1.0.0 -> Ultimate Droid 7.0 -> Simply Stunning 4.7 -> Liquid Frozen Yogurt 1.5
Insane was very quick and smooth. There were a few quirks, but no problems. Lithium Mod felt very similar in speed and smoothness, but had a few quirks that have since been updated I believe.. Lots of themes too. Sapphire was very stable and quick, but homescreen scrolling was choppy for me. Switched from UD because it didn't auto restore my apps and I didn't want to deal with it. SS 4.7 was very quick and smooth, but it seemed to get a little choppy after about a week and I didn't feel like restoring. LFY has been great so far. Fast, stable. Not as many options as some of the others, but so far so good. Love Slayhers kernel. My fastest benchmark scores and my coolest temps.
LiQuID GinGeRbReAd 2.3.4