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I'm aware of at least one fundamental difference between EtOrbi::EoTime and TZInfo::LocalTime. EoTime knows the time zone the time relates to. LocalTime only has information about the offset observed at the time. This will affect the result of the #+ and #- operators when reaching daylight savings (and other) transitions.
2.0.0 is nearly done. I'm working on a couple of fairly small final changes. I've also been looking at performance, which for some operations has got worse. I think this is mainly due to now setting the offset of the result and the underlying performance of Time#localtime and Time#utc (so there may not be anything further that can be done).
The availability will depend on how much free time I get. I'd like to think that the final release can be sometime in the next couple of months. I'm not making any promises though.