Well...when it came down to it the potential pitfalls you mention definitely weighed in as a factor in choosing not to mod my LL2.
However, the modded LL2 I described had the best quality upgrade parts such as Dueland coupling caps, Eurocap bypass caps, DACT attenuators, RAM diode bridges, and Jensen electrolytics. The owner did not change the design and he did the work himself - a first rate job based on the pictures I saw. Unfortunately, I am not located in the same area and have not heard it. As you point out, modding includes risks - and the LL2 does sound great in its stock form. However, I would definitely buy that modded unit if it were ever posted for sale.
However, the modded LL2 I described had the best quality upgrade parts such as Dueland coupling caps, Eurocap bypass caps, DACT attenuators, RAM diode bridges, and Jensen electrolytics. The owner did not change the design and he did the work himself - a first rate job based on the pictures I saw. Unfortunately, I am not located in the same area and have not heard it. As you point out, modding includes risks - and the LL2 does sound great in its stock form. However, I would definitely buy that modded unit if it were ever posted for sale.