I bought and returned the Fader ND II filter because it did not meet my needs at all. On a full frame camera at short focal lengths (e.g. 24mm), typical for landscape photography, there were IQ problems long before the maximum claimed density was reached. At longer focal lengths, above 100mm the whole image was soft. It's worth noting the limitations highlighted in the product description, which was only added after I and others (Hoppy for one) provided feedback about the problems.
http://www.premier-ink.co.uk/photog...rkshop-77mm-fader-nd-filter-mk-ii-p-2828.html
I've also seen reports that the 7dayshop filter is every bit as bad. For the price I would guess it might be worse. The principles upon which the faders work are all the same - a pair of polarising filters which you rotate relative to one another.
In order to answer your original question I think you need to consider what sort of lighting you wish to shoot in and what your target shutter speed is. Taking the Sunny 16 guideline as a starting point, in sunny conditions you might expect a shutter speed of 1/100 at f/16 and 100 ISO. Ideally, on a cropper you would not want to stop down that far, with f/11 probably being ample for DOF, and diffraction upsetting the apple cart beyond that. If you were to limit your self to f/11 then you'd need a shutter speed of 1/200 in bright sunshine. So, back to filters....
1 stop gets you to 1/100
2 stop gets you to 1/50
3 stop gets you to 1/25
4 stop gets you to 1/13
5 stop gets you to 1/6
6 stop gets you to 1/3
7 stop gets you to 0.6
8 stop gets you to 1.3
9 stop gets you to 2.5
10 stop gets you to 5 seconds
In overcast conditions you might lose 4 stops of light from cloud cover, so really you need to consider how much light nature will provide and how long you want the shutter to be open. You'll get creamy at about 1 second for the exposure for a stream or waterfall, but may want to fine tune either side of that for the required effect, maybe extending shutter times to 30 seconds in some cases such as large lakes and the sea. It really depends on how fast the water motion is.
Here's an example at 4 seconds. You can see the exposure data. This would have been with my LCW ND500 (9 stop) filter. I know it needs a bit of tweaking, or maybe even deleting altogether, but it's just an example of the result at 4 seconds.