well, texture convertor works really well, though I have noticed you may have to do some tweaking, like if you have tattoos and such, but it does seem to work decent enough.  DAZ also has a clothing converter as well, you have to buy the plugins for the characters you want to use, so you're not spending extra on figures you don't need to convert.  You're like me, just haven't found a reason to switch yet :P

Quote - Can you be more specific about the results...I have a V3 texture that I would like to convert to V4...I want to use this for a graphic novel...will I be happy or just so so to the point that I just use V3?  Also, what's a good program to fit morphed figures to their clothes with the least amount of tweaking?