Depends on what you understand by quality FX ... If you're thinking highend tc-electronics then the answer is no, if you think usefull fx that will enhance your mix if used wisely then i'd say yes. But once again FX are a personal taste no ?
To cut a long rambling short I have the fx board and I find it useful. That MFC-42 I don't know a bout it's basically a filter isn't it ? If i wanted a dedicated filter then I would go for a Sherman Filterbank (Belgian Quaility

is it obvious where i come from ?)
my 2 Euro cents.
