We study the first extension groups between Verma modules. There was a
conjecture which claims that the dimensions of the higher extension groups
between Verma modules are the coefficients of $R$-polynomials defined by
Kazhdan-Lusztig. This conjecture was known as the Gabber-Joseph conjecture
(although Gebber and Joseph did not state.) However, Boe gives a counterexample
to this conjecture. In this paper, we study how far are the dimensions of
extension groups from the coefficients of $R$-polynomials.
In the preceding part (I) of this paper, we showed that for any torsion pair
(i.e., $t$-structure without the shift-closedness) in a triangulated category,
there is an associated abelian category, which we call the heart. Two extremal
cases of torsion pairs are $t$-structures and cluster tilting subcategories. If
the torsion pair comes from a $t$-structure, then its heart is nothing other
than the heart of this $t$-structure. In this case, as is well known, by
composing certain adjoint functors, we obtain a cohomological functor from the
triangulated category to the heart.