I don't know too much about butter, just that I liked it on my corn but I do have 2 verizon galaxy nexus phones. One has JB 4.1.1 the other 4.2.2 so my comparisons are made not from memory but from very precise side by side comparisons, Here are my observations:
1- 4.1 is every bit as smooth as 4.2.
2- 4.1 reports more signal bars than 4.2, however speedtest reports equal speed average after numerous tests.
3- 4.1 after several quadrant scores is faster than 4.2 by an average of 150 points mostly in 2d/3d rendering.
4- 4.2 seems to suffer from something new called " google services " fever that actually uses more of the battery than the display, not good.
In conclussion 4.2 does have a few very nice features but as I stated long ago nothing that I consider worth getting all excited about.
PS: Both phones are pure bone stock and about equal number of apps and widgets,