The spokesmen for this product were pretty good. They knew what they were talking about. [No 150mpg carburettors here / they aren't snake oil salesmen.]
In the video, he quoted 220 g/kwhr efficiency. He claims to having demonstrated power, fuel consumption, smoke number, and weight.
220g/kwhr is equivalent to a well designed diesel meeting Tier 3 or Tier 4 non road emissions (or 2004 & 2007 on high way truck engine emissions). He has not demonstrated emissions compliance. I would expect that meeting emissions compliance would dramatically reduce fuel efficiency. For example, a non-regulated, well designed, modern technology diesel can easily hit ~190 g/kwhr. So on that apples to apples emissions basis, this engine is already 15% behind. So it seems the efficiency will be less than a typical modern diesel but much better than a gasoline.
Additional risk is whether this engine can be tuned to hit current emissions regulations at all. (Not impossible, but high risk). I am not as familiar with 2-stroke diesels, but I think they have trouble with PM & HC emissions.