All right, I finally got the skinny on the plugs. I have read a lot of posts on this forum about plugs, but ended up calling NGK directly. Here is what I learned:
BKR6EQUP (NGK-3199) a.k.a. Laser Platinum - This is the stock plug for E46s. It has has four ground electrodes, two primary, two secondary. Primary is gapped differently from secondary and why you shouldn't regap. The plug randomly fires to these gaps thereby reducing carbon build up or fouling. Again, this plug is pregapped and should not be adjusted. Yes, you will notice each of the four electrodes has a slightly different gap, this is by design.
BKR6EIX (NGK-6148) a.k.a Iridium IX - This is pregapped at .032 and should be adjusted only with a professional adjusting tool. The circle type gap tools can break the fine point on the iridium tip. This is a single ground electrode plug.
BKR6EIX-11 (NGK-3764) a.k.a Iridium IX-11 - This is pregapped at .044 and should not be used in our cars. Adjusting a gap of this width is not necessary and should not be attempted.
Overall, I think the smartest plug to go with is the Laser Platinum. It is stock in our car, which means it has undergone extensive testing. The rep told me that the Iridium plug does not last any longer than the Laser Platinum in our cars. You might get a somewhat cleaner burn, but there is a greater chance for carbon buildup over time.
To me, it makes sense to go with the stock plug. I would be highly surprised if anyone could tell an increase in performance or mileage by switching to the Iridium plugs. Anything you notice is likely due to just having new plugs in the car. Hope this helps, and please feel free to disagree.
NicB.
P.S. - You can buy all these plugs at Advance Auto Parts for $6.96 each. My stealer quoted $22.95...what a crock of ****!