I've tried both the TRUE 120 (w/ S-Flex) and the TRU 90i. If you're getting a mid-tower, consider the TRU 90i. The TRUE 120 will probably fit (though you should double check), but it will be tight. I have a mid-tower, and the fan wires on the TRUE 120 were practically touching my (top-mounted) PSU. The TRU 90i is a comfortable fit. In a full-tower, either the TRUE 120 or the TRU 90i would work well. All things equal, you'll get a few degrees better cooling with the TRUE 120 (most likely this is a result of the 120mm vs. 92mm fan), because the design is the same. I'm not sure the extra fins on the TRUE 120 make that much of a difference.
You're going to get a lot of opinions on the (TRUE 120 vs. TT 120, etc.), but in the end, they're all very good high end coolers.
I lapped both the cooler and the CPU. TR bases are notoriously uneven. If I put mine on the table, it wobbles ever so slightly. That can impact the cooling. Ideally, the cooler and the CPU should fit together flush, in which case you need almost no thermal interface material to get a great connection. BTW, CrazyPC.com sells lapped TRUE 120s, and their quality is pretty good. It's $16 more, but if you want to save time, it may be worth it to you.
Finally, if you're going to lap the CPU, you'll want to test it first. In this case, don't install the MoBo, but test everything outside. If it works, then you can lap the CPU and install the cooler. Some coolers, like the TRUE 120, are a mofo'ker to install without removing the MoBo.