By far, best mod for Mrods wanting high fpe/900fps+ with decent efficiency, is a balanced valve. No doubt the best bang for the buck imo.
I've got the now unobtanium JSAR balanced valve for a while now and its all you need. Makes the Mrod a real powerhouse all by itself. And quiets down the mechanical hammer noise as very light spring tension is all thats needed. I would assume less wear and tear also as the stock mrod light spring tension keeps wear and tear down. Compared to a 12/17lb spring wound up tight some guys are using with heavy hammers, trying to squeeze all the power out of the stock valve any way they can...
There is a way to modify, drill out and machine out the stock valve to flow much better. But how does that saying go, lipstick on a pig, but its still a pig...
Other manufactures do make good Mrod valves, but I don't know which one is best or available. Hopefully someone will chime in that knows.
jmo