Honestly I don't notice much of a difference between Truth's tracking and standard tracking on rocket launchers. Both are pretty strong. It seems to be more of the proxy det that lets Truth's rockets connect better. I was very disappointed that I couldn't lock on to a target, point my truth upwards and fire the rocket off like a Javelin. The rocket makes a huge arc to reach the target and will crash into the ground.
Edit: The fancy tracking loop Truth does isn't really impressive considering that both [url=http://m.youtube.com/watch?v=sKSZOYBDCf8]HoC[/url] and [url=http://m.youtube.com/watch?v=VH2qjWCLzKs]gjallarhorn[/url] are capable of such feats as well. Truth's tracking just doesn't feel special enough to be its main exotic perk.
Edit 2: Gotten some pretty good answers, but would be nice to have someone post a video of a Javelin truth shot. Can't seem to find one with a really nice straight shot downwards. Or at least some other neat Truth shots besides the goddamn loop around which every tracking launcher does.
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It isn't really needed, but you can see how good it is when you're shooting templar and he teleports. Truth follows the templar and hits him. Even though it doesn't do anything because of shield