hi all,
i am also an fmtunerinfo.com contributor, & a contributor to its sister yahoo tuner forum.  i also am hard on the m-d tunas.  what's been said about vintage tunas is certainly true, imo - many will sound better than even m-d's best, even before mods.  and at a fraction of the cost.  i have owned >80 tunas over the past few years (i still have >20), and i would take any of them over the md-ft101, for sure.  among them, i have owned a bill ammons modded kt7500 discussed here, & i agree that it *is* a fantastic sounding tuna.  but not in *my* personal top group.  mostly because its ultimate quieting was not as good as most of the others.  and, others have also noticed this about the kt7500 tunas.
re: the dyna fm3, i also own one that was extensively modified, but i was unable to get a good read on it, because it started acting up the second day i got it.   

  but, it's certainly worth fixing, which i am going to do. (or more accurately, likely have someone else do it!  

 )  one of the reasons i think it will be worth it, besides my initial impressions, and what others have said about this tuna, is what i read about it here:
http://www4.head-fi.org/forums/showthread.php?t=205144and, also there is the fact that i have been extremely impressed w/a few other tubed tunas - the sherwood s3000 series, the stromberg carlson sr445, & the (extremely rare) sansui fm8.  all these sound world-class, imo, w/no mods whatsoever.  the ones i have, however, are all mono, & i used a couple of different mpx stereo decoders with them.  and, the sr445's sensitivity & selectivity is mediocre; you really need a strong signal to get good reception & sound with this one.  these inexpensive tunas, w/a mpx decoder, make me wonder why i am still holding on to my heavily modded, completely refurb'd mcintosh mr65b.  i guess i jut like tunas!   aa
speaking of good reception/sound, a quality antenna is extremely important, especially if you have difficult reception conditions.  you should definitely consider a roof-mount yagi if at all possible...