One topic that hasn't been addressed is heat - a converter's worst enemy. A non-lockup converter will generate more heat due to the slippage. This is why all modern cars with AT have lockup converters. The advantage of a non-locking converter is the fact that it's lighter which makes the turbo spool a little faster. Today's modern non-locking converters are much efficeint than those from 7-8 years ago but they will cost you about 300-400 RPM (aka MPG) at cruise and will generate a good bit more heat. If you rarely drive your car any further than the local cruise-in or it's for strip only, then a non-lockup is the best way to go.
There is no reason to run a lockup converter if you aren't going to use it. My race car makes in excess of 1300hp and runs in the 7's with a LOCKUP converter. Granted, it is a race only unit capable of withstanding up to 2k HP but it is worth a good 2 tenths and 3-5mph or more. My point is, some would have you to believe lockups are for the street only and non-lockups are for the track but a good lockup unit such as the Vig can work on the track and work well.
I am in the process of building a street car that should make around 700hp and be good for deep 10s and I will be using a lockup converter. This car will mainly be a street car and may even be driven on short trips with occasional track action. While a non-lockup might give better all out track performance, the trade offs in heat generated aren't worth it to me in this application.