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In my opinion none of the effects "look" over cranked as in 'bad.' It is just that the time was high for no reason because I unnecessarily had them set hight with no appreciable improvement. However, aside for render time mike if you or anyone also feel something also looks wrong please specifically comment, would be appreciated

No I just think it looks too.... "glowy" for realistic GI.
I know you just got LightWave. Plop a ball or something on a floor and against a wall and give everything bright colors, then crank up the GI bounces and intensity. You'll get the same sort of effect, where there is more light bouncing around and not being absorbed than there ought to be.
It can be a real cool effect, but it's not accurate.
Unless you weren't trying to be accurate, but just showing the GI intensity you can achieve in Poser 8.