I've been using a Mod54 for the past year or two. I received my SP-445 earlier this week and ran my first film through it last night. I'm hard pressed to tell any difference in the results; the output seems to me to be the same. The Mod54 is harder to load; I find it easy to get sheets touching each other. I wind up developing four sheets at most rather than the six sheet capacity as a result. The SP-445 loads easily; the fact that it uses something similar to regular film holders means I don't have to think so much about it, just use my muscle memory. The difference in the amount of chemistry it requires is another point in favor of the SP-445; it takes less than half. That's not such a big deal with fixer, or with C-41 and E-6 chemistry, since I mix up the full quart/liter of chemistry that the kits come with, but for black and white, it's definitely a plus to not have to mix up a full liter. I also find with the Mod54 that I have to be more gentle with my agitation than with pretty much any other system I use. I had a few instances where the film slipped off its mark due to the style of agitation I was using. The SP-445 doesn't seem to mind a little more action in agitation.
The SP-445 seems slightly more prone to leaking during agitation than a Mod54 + Patterson tank setup, but the leaking from the SP-445 wasn't significant, and I've had issues with the Mod54 and tank occasionally as well.
All in all, my first impression of the SP-445 is very positive. It seems more robust to me than my Mod54. I'm keeping an open mind at this point, but the first round here went to the SP-445.
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