Here is thorough early treatise from Stereophile on the subject of these tweaks. Includes technical discussion of related optical and electrical factors.
http://www.stereophile.com/reference/590jitter/
Relevant extracts from the non-technical sections of the article:
"The intensity of my interest in the subject was heightened by a product called "CD Stoplight," marketed by AudioPrism. CD Stoplight is a green paint applied to the outside edge of a CD (not the disc surface, but the 1.2mm disc thickness) that reportedly improves sound quality. I could not in my wildest imagination see how green paint on the disc edge could change, for better or worse, a CD's sound. However, trusting my ears as the definitive test, I compared treated to untreated discs and was flabbergasted. Soundstage depth increased, mids and highs were smoother with less grain, and the presentation became more musically involving."
"The makers of CD Stoplight claim to have measured a difference in the recovered analog output signal with a treated disc. They played a pure tone from a test disc and measured the spectral content on either side of the tone. Reportedly, a CD Stoplight-treated disc produces lower-amplitude sidebands around the pure frequency. Just as this was going to press, AudioPrism faxed me graphs made on a Hewlett-Packard spectrum analyzer that support their findings. Without knowing all the measurement details, the graphs do appear to show a slightly lower noise floor after the addition of CD Stoplight."
"From my measurements, it is apparent that none of these CD tweaks have any effect on a player's error-correction ability or on the amount of jitter in the HF signal. However, it is beyond doubt that they increase the musicality of CDs. Just as in analog audio, there are things going on in digital audio that have not been identified, but influence sonic characteristics. There is a real need to explore these questions through empirical measurement and by listening. I am convinced that undiscovered optical phenomena in CD playback affect sound quality. Only by combining critical listening with the scientific method can these mysteries be solved.
"All our knowledge brings us nearer to our ignorance.""