Having reviewed several threads about diff mount reinforcement, it's on my list for when I have the car up on the lift for rust repair. I have a nice TIG setup.
I'm not upgrading my 2.8L engine, nor is my mount failed, but years ago, I found a number of fatigue cracks in the frame head of the '54 beetle I was restoring. It had many miles on it, but had only been run on the road with stock engines, yet the strongest part of the pan, where the front end attaches, had cracks several inches long running down the center tunnel. They were easily welded since I had the car apart.
Our cars have a lot more power and twice as many years on them as my long departed VW and there have been failures of the E9 diff mount. I'm going to add some welds to a number of panels since it's all gotta be painted anyway. There's a good series of photos
on body and
diff mount reinforcement on the coupeking.com site.
As to the efficacy of a bolt-on reinforcement vs. welding, I don't have any clear data. More steel there will help spread the load and keep the bottom of the mount from flexing as much and the small 'ears' on the side will spread the load to the body a bit, but as a pull-it-out-of-thin-air guess, you wouldn't get much more than 20% improvement in stiffness with a bolt-on plate. You still have the issue of the actual attachment to the body, which is via spot welds.
I'd say it's more effective than increasing your horsepower by putting on racing stripes, but if you have a larger than stock engine or have a heavy foot, I'd have it welded.
Ian