This video here - shot in parallel with two GH2s, one hacked, one unhacked - really makes you whether the increased bitrate hacks make any real difference to video quality at all: https://vimeo.com/45973318
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As a unhacked GH2 owner...I tend to stay away from the "dark side" simply because I don't see the point. Yes there are some macroblocks in unhacked, yes the flag is tearing up and smudging up with that 600% crop zoom....but I have never encountered (yet) a job where the footage must be cropped at 500%.
It's not worth it in my opinion.
I know it's been played out to say this but - I'll try to learn how to shoot, how to cut, how to color correct and how to make a good story in 24 frames per second. Macroblocks will never hold me back, no matter how huge they are on stock GH2.
...It isn't any more risky to use the time tested patches than using stock.
I had installed the Flowmotion patch and had too much sky banding and when I reinstalled the 44Mbit patch the sky banding was gone.
Just freeze frame the zoomed in flag shot. Its pretty obvious theres a difference
What isn't worth it? I have yet to hear of anyone having any camera failures while using the latest patches for the latest hack. It isn't any more risky to use the time tested patches than using stock.