Have had PCX SE+ upgrades done on Phono 1; Line 3 and Power 3's - in each case the improvement is noticeable and brings the units up to world class standards without changing the sonic house sound character of dynamic, lean accuracy, transparency and control. For me, the SF sound is a trade off between a somewhat cool and extended sonic realism versus tubey bloom, harmonics & warmth. I could be ultra critical and say SF gear to some would lack a degree of timbre compared to the ARC house sound - but you can't have everything.
I had the volume OP amp upgrade done at the same time as the SE+, so I can't define that particular improvement, but I have the feeling my ARC REF3 would be even better if they used the same quality OP amps in their processor.
The SE+ upgrades seem to remove that last bit of a veil in the standard units. I also retubed using Chris's recommendations and as much as I tried never found any improvement with NOS tubes.
One benefit of the SF gear is it is dead quiet - equal to SS gear in my home. No hums, buzz, tube rush at all - and I have ribbon speakers that can hiss like hell. The Line 3 SE+ competes with my ARC REF 3 - the REF 3 has more soundstage depth and width, extended top, but less control. The Line 3 has more focus, better placement of instruments, increased bottom end definition, pin point staging and linear top end. The Power 3's have better base balance than my previous Bryston 7b SST's which had more punch but were uni -dimensional. I have never heard any tube equipment with same grip as SF gear on the low end.
PCX are great to work with, fast turnaround and the equipment has been 100% reliable. Bottom line - major improvement with the SE+ upgrades and well worth the money, high value IMHO.