Dear Ned,
You are right about the Pioneer disclaimer. The first time I read that I thought it was not possible to flash to old versions. I think that disclaimer might be there to get users to think twice about upgrading. However, over the years I have been able to downgrade Pioneer 109, 110 and 111 without any problems.
The Pioneer 111D firmware version 1.29 adds these changes:
Support New 8x DVD-R Media
( 8x writing:E-top )
Support New 16x DVD-R Media
( 16x writing:Leaddata, AMC, Must Tech )
( 12x writing:E-top, Infosource)
Support New 8x DVD-R DL Media
( 8x writing:Taiyo-Yuden(That's), Maxell )
Support New 8x +R Media
( 8x writing:E-top )
Support New 16x +R Media
( 16x writing:MBI, Optodisc, Ritek, Prodisc )
( 12x writing:VDL ODMS )
Support New 8x +R DL Media
( 8x writing:Ricoh, Ritek )
DVD-R DL Writability has improved.
DVD-R DL Readability has improved.
+R DL Writability has improved.
+R DL Readability has improved.
+RW Writability has improved.
DVD-RAM Readability has improved.
CD-R Writability has improved.
CD-RW Writability has improved.
CD-ROM Readability has improved.
If you are not having problems there is probably not a need to upgrade. However, I usually upgrade as you never find out about these issues until you run into a roadblock.
I believe the more interesting firmware change is the ability to cross flash the Pioneer 111D to a Pioneer A11XL. It provides DVD-RAM write capability. I cross flashed a Pioneer 111D on a PC with the PIONEER DVR-A11XL firmware found at
http://tdb.rpc1.org/#DVR111D
After the cross flash the Pioneer 111D accepts newer firmware patches found for the PIONEER DVR-A11XL. It acts as though the drive was a PIONEER DVR-A11XL from the beginning. The A11XL provides DVD-RAM write support which is what I wanted.
Obviously, you do this at your own risk and you might turn the $35 Pioneer 111D into a door stop but I have flashed quite a few Pioneer DVRs and never had a problem. It seems that the power going out during the flashing process is the real concern.
You can see more on this in the SuperDrive section of the AMUG Mac Pro review found here:
http://www.amug.org/amug-web/html/amug/reviews/articles/intel/macpro/