Quickest way to get highest set bit on port in to a variable?

[Tabsoft]

I may be wrong but I don't think this will work.
LOOKDOWN2 Search,{Test}[Value{,Value...}],Var

Lookdown2 compares the value of "Search" with the values in the list from left to right (index values 0 up to 255) with the "Test" comparison.

So if "Search" = 5 and "Test" = "=>" then using your values for the Value in the list, the logic tests should look like this.
(Values: 0, 1, 2, 4, 8, 16, 32, 64, 128) bits 0-7
Test 1: is 5 => 0? : Yes, (0 will be stored in Var)
The testing would stop right here for every value of "Search" (0-255) for bytes (0-65535) for words because the "Search" value will always be greater than or equal 0 (unless you're using Long variables)

Maybe I'm wrong?

As I see it, to use Lookdown2 you would still need to enter all the values from 0 to 255 inclusive into the list.
And "Test" would need to be set to "="
Lookdown2 supports up to 85 values in the list or up to 256 when using a PIC18.