They reduce the volume ALOT!!!
There still is some low end rumble, but it's usable. I used to use mine with a Dual Recto in an apt at 1:00 am, and no one ever complained. The volume would have been enough for the whole neighborhood to call the cops.
Sound-wise, it's good. Not as nice as a proper cab, but faaaaaaaar better than any cab simulator or POD type device. The recto has so much lows, that it sometimes was challenging to record properly. I ended up adding a bit of foam in the cavity behind the speaker to dampen the resonance a bit. Now it's much better.
I've used the cab with a Recto, Blackface Bassman, and a VHT Deliverance, and have gotten some great tones, it just takes a little more EQ than normal.
I highly recommend.