V2 ED 64 seems amongst the best of Krikzz's flash carts, so what are some potential "upgrades" to this version to merit the "significantly more expensive price point"?
Don't expect to some huge advantages over v2. As i already said, v3 can save without reset and it is the main difference. May be v3 will have rtc, may be hardware NES emulation in fpga, i can't say for sure at this moment. From rational point of view, v2 probably will beat v3, but if you want ultimate solution, and not mind to overpay a bit, then v3 is your choice.
From what it sounds like, it's a much higher quality build, so I assume that means greater reliability/longevity?
I got a lot of engineering skill in last few years, i used all this knowledges during v3 projecting. From physics point of view v3 is more accurate, but it not means that cart will work more years, or something like that. There is nothing realy notable for users.
What exactly does "more accurate flashram implementation" translate to the end-user, Krikzz?
Pretty hard to explain, but i will try. N64 should have access to ROM during the transfer of memory block inside of flashram(bloc writting), but v2 does not have separate RAM chip with separate bus, so, i used tricks with bus monitoring to avoid colisions. Bit ugly, but trick works. One more thing which is not notable for user (: