The aim of this study is to explore the insights of the information-theoretic definition of similarity for a multitude of flow systems with wave propagation. This provides dimensionless groups of the form Πinfo=U/c, where U is a characteristic flow velocity and c is a signal velocity or wave celerity, to distinguish different information-theoretic flow regimes. Traditionally, dimensionless groups in science and engineering are defined by geometric similarity, based on ratios of length scales; kinematic similarity, based on ratios of velocities or accelerations; and dynamic similarity, based on ratios of forces. In Part I, an additional category of entropic similarity was proposed based on ratios of (i) entropy production terms; (ii) entropy flow rates or fluxes; or (iii) information flow rates or fluxes. In this Part II, the information-theoretic definition is applied to a number of flow systems with wave phenomena, including acoustic waves, blast waves, pressure waves, surface or internal gravity waves, capillary waves, inertial waves and electromagnetic waves. These are used to define the appropriate Mach, Euler, Froude, Rossby or other dimensionless number(s)-including new groups for internal gravity, inertial and electromagnetic waves-to classify their flow regimes. For flows with wave dispersion, the coexistence of different celerities for individual waves and wave groups-each with a distinct information-theoretic group-is shown to imply the existence of more than two information-theoretic flow regimes, including for some acoustic wave systems (subsonic/mesosonic/supersonic flow) and most systems with gravity, capillary or inertial waves (subcritical/mesocritical/supercritical flow). For electromagnetic wave systems, the additional vacuum celerity implies the existence of four regimes (subluminal/mesoluminal/transluminal/superluminal flow). In addition, entropic analyses are shown to provide a more complete understanding of frictional behavior and sharp transitions in compressible and open channel flows, as well as the transport of entropy by electromagnetic radiation. The analyses significantly extend the applications of entropic similarity for the analysis of flow systems with wave propagation.