Todd,
Look at it this way:
If you can deliver enough energy to tissue, which has a high water content, fast enough, you'll sublimate the water. That will be an explosive process.
Now, the obvious question is how much energy would that take? And would the effects be any worse than the injuries from a large caliber projectile?
I imagine the TL-13 laser from MT, which is I believe mentioned somewhere as an X-laser, would likely dig fair sized craters into someone. The shot would usually overpenetrate, but the wound channel would have some fairly nasty burn and fluid sublimation effects.
I know of a couple of electricians who made the mistake of letting some mid-voltage current run through them at something like 400 or 800 amps. One died, the other lost an eye and arm. The one who died had huge whopping chunks blown out of him from the arcing driven by so much energy. Bits of him just blew up/exploded. (This was the result of someone mislabelling a panel and the guys in question not double checking and the system was a power system for some medical systems that required some serious juice).
I'm assuming a laser, supplying heat and energy into the tissues over a very short time, will have effects that are similar.
I further propose that, signature wise, at the TL you can make the weapon, you can generally make a warner for it. By high TL, they'll be small. Maybe built right into people's visors or suits. Now, you say, what point the laser warner? Well, it'd tell you when someone lit you up with a laser sight (you might dodge the follow on shot). The visor might also backtrack the shot, which matters if he didn't hit you and you want to shoot back.
Now, how easy is it to see the shot with the Mark I eyeball? I don't think you will see it, and a small 'crack' would be all I'd expect for sound. Now, modern sound ranging/location stuff could probably pick it out (and future stuff for sure). But that's true of most weapons.
I think the laser would be a low sig weapon, but really wet/misty/foggy days, sandstorms, duststorms, rains, snow, etc. would all serve to give it grief and/or make it more detectable. Also, really cool nights might make picking out heated tracks in the air easier for those with thermal vision systems.