I converted to hydroboost brakes in combination with a 1.25" piston MC. I can definitely say my braking feel has improved. I can "threshold" brake much more easily now and the feel is very responsive and consistent (the exact opposite of what it was before). I could easily lock my brakes up before the swap, so there was nothing to be gained in terms of usable braking power, but I feel my stopping distances have improved nonetheless due to the dramatically improved responsiveness. I made the swap in the first place when I was planning to run a big-cam motor, and if I had known at the time that I would end up with a stock 350, I would have probably kept the vacuum booster. But now that I have hydroboost, I love it and I'm not sorry I ended up with a system that I don't necessarily need.
Notice that I said I also swapped over to a larger MC. Stock MC piston is 1" I believe, and simply bolting a 1.25" onto the vacuum booster would have likely resulted to an overly touchy and stiff pedal. But with the additional assist of the hydroboost, it works like a champ. Not too stiff, not too soft. Now if only I had the traction to put all this additional braking power to use. Time for some 275/60-15's all around.