I have a pair of those (Apex 460) I tried them for a few minutes, just to make sure there was no issues, there were none.
Then I did a few basic modifications, throw away the 12AX7, which is a bad choice there and replace with a low mu low noise valve, 6072 is excellent, I think I installed old RCA 12AY7 I had on hand, I replaced C4 for polypropylene type and also C8 for nonpolarized polyester. This cap does not have to be 450V! there is only a few volts at this point!
Remove C9,C10, they are supposed to filter RF interferences and are actually too big of value... Just take them out!
Just these basic mode will make the mic pretty darn good, if you like over bright and fizzy highs, but at least, it becomes usable with some EQ.
Low-pass around 18K 12db/oct or 14K 6db/oct and cut a few db, wide Q at around 10K, not perfect but decent on female voices.
The bass is also very good.
The biggest difference will come when you change the capsule, I used Microphone Parts matched set of RK-12, and now we are talking!
Gone the 'chrome polish' on the highs, the bass is very flat down to 20hz, and the whole thing sounds tight, crisp but solid...
I like these mic very much and I use them often to record choirs and classical music ensemble.
I use the stock transformer and kept the circuit original, except for the mods I mentioned.
A friend of mine owns a real C12 and honestly, mines are sounding very close to the original.
I forgot to mention that in the PSU unit I replaced the zeners for polarisation voltage to 120Vdc, 160 is excessive and think I beefed up some electrolytics value.... not sure, but I remember that all these mods, on two mics took me just one afternoon to do...