Being as every high end tactical scope other than an S&B ends up getting compared to an S&B, yes, it's still the gold standard.
Of those who've compared scopes side by side some give an optical edge to Premier and Hensoldt, but I don't think I've ever read a complaint about the glass in a PMII... it's so good that the slight advantage held by any other scope would provide next to no improvement in practical use.
The 2 year warranty gives me a little pause but I once had Jerry R repair a 5-25 the week before Christmas, and he busted his a$$ to get it out before the winter break so I didn't have to wait until the 2nd week in January. Top notch service from a dedicated skilled craftsman who cares about his customers. Hopefully, if he ever leaves the Virginia service center, his replacement would follow suit, but that's just my hope.
I now have a Steiner 5-25 and my first thoughts were "how does it compare to the PMII". Remarkably well was my answer. It mimics feature for feature the PMII, and certainly in this case, imitation is the sincerest form of flattery. I would give the S&B a slight nod in the optics department (purely from memory, so take that with a grain of salt), but not enough to practically handicap the Steiner, as it has so far been top shelf in operation
Joe