Though the Banks design does qualify as a header because of the collectors, it's primary intent is to replace the stock, crack-proned manifold with a well-made, long-lived, trouble free component. To that end, it's quite successful. However, don't expect the power gains you'll get from the Leach header -- Its true long-tubed design is superior in terms of power gains to a shorty such as the Banks or Thorley.
Were it not for the cracking problems that I've seen with Borla, I'd recommend it over the Banks as well if optimum power is your goal. It's 16 gauge steel whereas the Leach header is 14 gauge, and the flanges are 3/8" vs 1/2". They do have a lifetime warranty though, so maybe it's worth a shot. I don't personally carry Borla's headers but if you can't justify spending the money for the Leach, maybe you want to give it a shot.
The Banks is a good option for highly lifted ZJs or XJs, when interference with the front driveshaft yoke can be an issue with long-tubed headers. Also, they're the only acceptable option for Jeeps with precats, assuming you don't want to remove them. I've sold a couple of them for these applications and, as I said, they are beautifully made.