  We review and provide simplified proofs related to the Magnus expansion, and
improve convergence estimates. Observations and improvements concerning the
Baker--Campbell--Hausdorff expansion are also made.
  In this Part II, we consider the case of $C^*$-algebras, i. e. essentially
the case of operators on Hilbert spaces. We present the spectral approach to
the Magnus expansion in the context of the conformal range (which is a
projection of the Davis--Wielandt shell), allowing a more effective approach.
This makes possible to clarify certain convergence properties of the BCH
expansion related to the critical cumulative norm $\pi$. In particular, we
prove that for finite dimensional matrices $A,B$, the norm condition
$\|A\|_2+\|B\|_2\leq\pi$ implies that the BCH expansion of $A$ and $B$ is
convergent. Several counterexamples regarding convergence of the Magnus and BCH
expansions are presented. In the rest, we prove growth estimates for the Magnus
expansion in the setting of Hilbert space operators, both in terms of the
overall sum and the individuals terms.
