It seems broken to me too, and here is my experience, albeit with the Z31 turbo ECU.
My first ECU swap was an '87 Z31 turbo. I wired it in and it all worked well enough, but I had a bit of popping on throttle lift, just like you. It would get pretty bad on engine braking downhill, but not explosive, just pop-pop-pop-pop-pop.... I didn't have any driveability problems with it, either on the street or the dragstrip. Then I turned it loose on a local road course, and I'd get into it for a few laps, hard braking, hard acceleration, you know. After a bit, it would start stumbling, then if I stayed in it, I would lose engine power completely. If I just coasted in gear with the throttle open, it would eventually catch and run again, but only if I took it easy. I checked the plugs: 1, 2, 3 were great, and 4, 5, 6 would be soaked with fuel; it was flooding with all the throttle lifting I was doing. I tried everything, and the problem on the road course was always there, for two years.
I never fixed it until I swapped in another ECU, this year, I got an '86 Z31 turbo ECU. It doesn't have the pop-pop-pop at all, and it kicks butt around the road course. My guess is the ECU has a bad injector driver that will not allow it to shut off in a reasonable time. Like I said,the only problem I ever had was with multiple throttle lifts and very hard driving.