As far as I am aware - the 944/968 blocks were cast in an aluminium that contained silicon particles. This has resulted in very strong cases and when they are bored out the surface is a mixture of aluminium alloy and silicon. The etching of the bores then errodes the alluminium alloy leaving a minute surface of hard silicon with small pockets to retain oil.
Nicasil is an elctroless plating proces on to other materials. The variation in plating tolerances and thickness is in proportion to the thickness plated so if a thin plating is used the surface is relatively even and diamond honing can correct any minor errors and result in a hard wear resistant surface but it is neccessary to hone a cross hatch to retain the oil film.
Nicasil can be plated on to steel or aluminium alloy. We use aluminium because it has the right expansion properties we want and transfers heat better than steel and is just as strong. When we were considering how to manufacture our liners, we contacted the manufacturers of alusil castings to obtain liners and it was possible but our experience of Nicasil was that it is just as good for long life (perhaps better but more expensive), good at resisting seizures and better in one way - that being harder a mild seizure only needs re-honing to remove slight distortion whereas with Alusil it usually results in a deep score and reboring and then the problem of oversized pistons comes into the equation, which are not yet available for Boxsters and 996's.
Furthermore after years of wear the surface of an Alusil bore can wear away to expose too much alloy and reduce the oil retaining properties and become a problem whereas Nicasil never seems to change. Finally - when retro-fitting liners the can be some mild distorion to the roundness and parallelism of the bores and it is easy to run a diamond hone (which we have) down such a bore and correct any minute iregularities.
Steel plated liners are good but you need more cold piston clearance to allow for the lower expansion rates and with short pistons this can result in cold piston slap.
The proof is that all three work very well - so there is no particular recommendation I can make. For us it is quicker to obtain ready finished Nicasil liners and fit them in house than to go the Alusil route.
Finally can I reafirm that we have our own machine shop and actually fit liners and rebuild engines for many of the independent specialists. We also supply a huge range of remanufactured suspension parts to the trade and private individuals. We do not use any other Porsche specialist for anything!
Baz