Opinions vary. Some listeners regard many of the recordings of the '50's to be superb. 350 and 300 models were mainstays in the studios of that era. Some 350's were fitted with UTC HA-100x, some with Peerless, all measure excellent by my standards.
Here is a partial checkout of a 350:
Ampex 350 restored and modified as follows:
1. V402 gain stage bypassed. re-routed signal from wiper of record level control to metering switch, bypassing R428 (record calibrate control).
2. rewired V401 as triode (strapping pines 8, 3, and 6). microphone preamplifier gain reduced from 97 dB to 85 dB.
Test Conditions
150 ohms source Z
600 ohms load Z
Maximum gain microphone input to line output: 85 dB @ 1000 Hz
Weighted noise, microphone input: -42.1 dBm (400 Hz and 30 kHz filters)
Un-weighted noise, microphone input: -39.5 dBm
Weighted Equivalent Input Noise : -127.1 dBm (400 Hz and 30 kHz filters)
Input loading: less than 0.5 dB
Frequency response microphone input to line output, 0 dBm output
20 Hz +1.6 dB
100 Hz +0.1 dB
1000 Hz 0 dB
10 kHz +0.9 dB
20 kHz +1.8 dB
Maximum Output
1000 Hz: + 30 dBm @ 0.35 % total harmonic distortion
A suitable power supply can be fabricated from readily available components. One needs filtered and possibly regulated B+, low noise 12 VDC, and 6.3 VAC. The power supply schematic is included in the 350 manual which is online.