I can't comment on the RK2 or RK lite, never had one however, they seem a little limited in the programming and output area. I have been running an Aquacontroller for about 10 years now and I couldn't live without it.
My ACIII controls heaters, chillers and fans in various stages to keep my tank temp stable. It cuts the Halides one at a time if the temp climbs too far over the set point.
It maintains a consistant pH in my CA reactor which makes dialing that thing in a snap. It also cuts the feed pump if by chance the tank pH drops too low.
I use the feed timer to turn off the skimmer during feeding and automatiaclly back on after an hour.
I have one of the switch inputs on a float switch in my skimmer effluent container. It turns off my skimmer when it fills up so it never overflows (again).
I have it turn on my Actinics an hour before "dawn" and turn on my 3 halides, one at a time, 30 minutes apart, east to west and turns them off in reverse order.
It turns on my frag tank and refugium lights on a reverse light cycle to the display.
It turns on a variable brightness moon light (incandesent) according the the actual phases of the moon.
I varies the tank temperature (75-80) and lighting photoperiod (8-12 hours) based on seasons.
It sends me an email and sounds an audible alarm if any parameters get out of line.
My next project is to setup some relays to monitor the 3 circuits coming into my fish room and send me an email when one of the circuits gets cut (GFCI or circuit breaker trips).
If you are a gadget guy and like the idea of automating some things on your system, it is money well spent. If you can't figure out how to program your furnace thermostat, or just are not that interested in gadgets and automation, maybe you should skip it...