Part I (Salzar et al, 1996) of the paper presented an exact elastic-plastic analytical solution for an arbitrarily laminated metal matrix composite tube subjected to axisymmetric thermo-mechanical and torsional loading. In Part II, this solution strategy is first validated by comparison with available closed-form solutions, as well as with results obtained using the finite-element approach. Subsequently, examples are presented that illustrate the utility of the developed solution methodology in predicting the elastic-plastic response of arbitrarily layered metal matrix composite tubes. In particular, optimization of the response of composite tubes under internal pressure is considered through the use of functionally graded architectures.