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Can I exchange presets between the old PS101 Instant Phaser plugin and the new Instant Phaser Mk II plugin?

Yes and no. Instant Phaser Mk II will allow you to load presets from the PS101 Instant Phaser plugin, and vice versa. The common parameters will load up and display the same values on both plugins, but the scaling of the Oscillator knobs are both different and will not produce the same effect. The Instant Phaser Mk II allows the Oscillator rate to go up to 20 Hz, whereas the old plugin's max rate was 10 Hz. Additionally there are new features that have no translation to or from the old PS101 Instant Phaser plugin.