Been through this decision myself recently. The main gains with the II are:
Efficiency improvements — The II's around 2-3% more efficient, which sounds small but adds up over time, especially on a narrowboat where every amp matters. My original MP ran warm in summer; the II barely gets warm at all.
Firmware updates — Victron's still actively updating the II. With the original, you're increasingly on your own. That said, the OG MultiPlus is a workhorse — mine did 8 years solid before I swapped it.
GX integration — If you're running a Cerbo GX or similar, the II plays nicer. Not essential, but the comms are more reliable and you get better monitoring.
Cost vs benefit — Honestly? If your current MP is working fine, I'd wait. The upgrade cost is steep unless you're already planning a major system redesign. But if you're building from scratch or doing a rebuild anyway, the II is worth the extra couple of hundred quid.
What's your current setup? That'd help gauge whether the upgrade makes sense for your situation. Are you space-limited, running high loads, or just keen to futureproof?
The reliability difference is marginal — both will outlast most systems if you treat them right. Really comes down to whether you want the efficiency gains and Victron's continued support long-term.