In Part I, Rand introduced and defined the metrics that can be used to evaluate link value. You can view that here: http://www.seomoz.org/blog/which-link-metrics-should-i-use-part-1-of-2-whiteboard-friday
In Part II he reveals how to actually use these link metrics in your link building research – and how to choose which link metrics to use in different research situations. Confused about PageRank vs mozRank? Fret no more!
Check out the blog post for the full video transcription of part two: http://www.seomoz.org/blog/which-link-metrics-should-i-use-part-2-of-2-whiteboard-friday