have mulching kit and blades on a Befco RD7 ...good cut but, note that the instructions tell you to go twice as slow as you otherwise would (so it cuts twice) ...about 2mph is tops, I find for a good cut.
Incidentally, just changing to mulching blades probably isn't sufficient ...look at the mulching kit, which has three "circles" (short cylinders, really) that enclose the three blades and presumably keep the grass clippings in motion and within reach of the blades.
Finally, the quality of the actual cut is no different, really, it's the fact that the clippings are much finer, so no brown residue visible. In fact, I believe that the high-lift blades would deliver a better actual cut, in my case, because they are designed to lift up grass blades that tires mat down.