I am afraid i will have to disagree with you, as i have actually done this mod and am not speaking from a theoretical point of view.
But hardworking has indicated he does not wish to take the matter any further.
It is interesting to note that you can mod a piece of equipment, spend days redesigning, and at the end of it all there is little difference compared to stock. On the other hand some equipment responds wonderfully to modifications and sounds so much better when compared to the original
Not just theory here either, as a pile of toroids will attest during a bout of prototyping last year. As Simon mentions above, you can produce small differences to the noise performance of the amplifier being driven but these are at low level, down around the amplifiers noise floor and often more to do with orientation of the toroid than the model.
If you examine a 306 with standard transformer it's actually a very quiet amplifier and its transformer VA rating is sufficient for its current rating.
I'm not for one moment suggesting anyone puts a cheap n nasty transformer in their amplifier, but that doesn't apply here as the 306 model is of good quality.
If a piece of equipment responds dramatically to a modification it's because of two possible reasons:
- The design was inadequate in the first place. Perhaps built down to a price, perhaps just plain poor, perhaps just old and relying on less than wonderful parts available at the time.
- You've fundamentally changed the design. As an example, if you have an amplifier with small output caps and you want to drive low impedance loads, making these substantially larger can produce a dramatic result - very measurable and audible.
Same goes for a phono stage which is rolling off at 40hz when you prevent this happening. Or a noisy op amp in a high gain, critical circuit position might well be improved by a modern low noise alternative, but the same op amp used elsewhere in a low or unity gain part of the circuit might bring no benefit whatsoever. So yes some things will respond to modification, some won't.
There is a third option, and that's that folk tend to hear what they expect. So having spent a great deal of time and effort fitting 'better' components there is always the tendency, without proper listening controls in place, to think you've made things better.
Done that myself many times and it always irks people to suggest that they might be mistaken for good reason - but it's human nature and we're all susceptible to some degree.