The KBIT is a screener but the KABC is a full ability (IQ) test that is actually well-regarded and most similar to the WISC. There is also a Kaufmann Achievement Test, which is also well-regarded by testing professionals.
My DD and DS were both tested on this and it has seemed to both correlate with earlier WPPSI testing and with real life. My DD, like your DS, scored 149, and she has been early entranced, grade skipped, and is currently further subject accelerated, so the testing has proven accurate for her over time.
Unfortunately, I think there are only a couple other people here on this board whose kids have been tested using the KABC. There is limited information available about it for a layperson, but you should be able to search the boards for previous posts. Like I said, I was told by a educational psychologist who does testing (and occasionally contributes here) that it's actually a really well-designed test and that the scores were most comparable to the WISC. Unfortunately DYS does not accept this test, but I'm guessing it is only because not many people take it, not because it isn't a reliable test. Maybe you could ask about submitting it, qualifying achievement testing, and a portfolio?
Last edited by mnmom23; 01/11/13 09:08 PM. Reason: I just searched this sight and found 45 posts related to the K-ABC II.