We continue our consideration of a class of models describing the reversible dynamics of N Boolean variables, each with K inputs. We investigate in detail the behavior of the Hamming distance as well as of the distribution of orbit lengths as N and K are varied. We present numerical evidence for a phase transition in the behavior of the Hamming distance at a critical value Kc ≈ 1.65 and also an analytic theory that yields the exact bounds on 1.5 ≤ Kc ≤ 2. We also discuss the large oscillations that we observe in the Hamming distance forK < Kc as a function of time as well as in the distribution of cycle lengths as a function of cycle length for moderateK both greater than and less thanKc. We propose that local structures, or subsets of spins whose dynamics are not fully coupled to the other spins in the system, play a crucial role in generating these oscillations. The simplest of these structures are linear chains, called linkages, and rings, called circuits. We discuss the properties of the linkages in some detail, and sketch the properties of circuits. We argue that the observed oscillation phenomena can be largely understood in terms of these local structures.