I have the very latest seoelite. Krystall2 is correct, it will sometimes show that you are not backlinked to someone when you are… and vice versa.
It you are looking to check links, that is not really what seoelite is all about anyway… So I would use Rebrand’s Reciprocal Link Checker. It is a good program, although you will definitely want to go to lunch or bed after clicking the ‘GO’ button. 
Rebrand:
http://www.rebrandsoftware.com/showsoftware2.asp?soft_id=18
(Their site appears to be down right now, though)
I am not sure about Reciprocal Manager, though. Never used it.