Yes, techpriests are powerful. Probably the most powerful class short of a well-optimised psyker. Techpriests are quite capable of acquiring TB 7, power armour, and 15 limbs full of guns and industrial attachments.
No, they are not that powerful as OP's example. The techpriest is getting unbalanced advantges in terms of vastly superior equipment and heavy rules-bending (if not outright snapping) in terms of just what sort of punishment they can dish out. See all those earlier posts for how many bonus attacks they should get. Also note that since Step Aside (which they may or may not qualify for now) only allows a Dodge action to be performed with the bonus reaction, the techpriest's total reactions are:
1 Dodge action
plus
1 Dodge OR Parry OR Logis Implant OR 1 Dendrite attack (offhand so no swift/lightning attacks) OR 1 other thing which would take a reaction that may or may not actually exist.
I hate to sound authoritarian but that's all there really is on the issue. If your GM is happy disregarding that he should do so knowing full well that the rules do not work that way and he is stepping into his own interpretation, which is not the baseline all players come into the game expecting. Also, favouritism. Just putting that out there.