Did just that, was a pretty big improvement over the worn out and beat to hell flippers that were originally in there.
http://www.siegecraft.us/blackknight6.htm
Not a tremendous difference though between upgrading with WPC components and rebuiling with all-new System 7 style components, you still need to keep the same EOS switch in there and you need to keep the same as original coils too. So performance is pretty much the same between the two designs when everything is brand new.
However, they will have better longevity with the different style return spring, better material in the plunger link, and a replaceable coil stop. I wouldn't go with higher power coils on Black Knight either. If you can make the left ramp, then you don't need much power. All the other shots are pretty short, you just don't need much power for them.
-Hans