Yeah, it was worth it for me. Since you are in the Clyde forum, I'll assume you belong here. For the less substantial among us (non-clydes), my advice may be different.
Wavy rotors... I have no experience with them.
Performance wise, more stopping power from less input, no more smoking rotors or calipers (Yes, I've had both). No more "Hey, I smell fire" comments from fellow riders. Nothing but excellent braking the way it was intended to be.
I went from 6" hydros to 8" Avid mech. Night and day difference. That said, I think the perfect combo would be 7" rear and 8" front. Little more balanced IMHO.