The LC II was a less crippled version of the LC. Still running a 32-bit CPU on a 16-bit data bus and limited by design to no more than 10MB of RAM, at least the 68030 offered virtual memory. (It also works with RAM Doubler.)
As a cost-cutting measure, Apple eliminated the internal connector for a second floppy drive, since fewer than 5% of LCs were sold with two floppies. The video circuitry was also teaked to better server those using VGA and multisync monitors.
Although no faster than the LC, the LC II is what the LC should have been.