I have your same computer and I upgraded to the MoXT. If you don't really need more than 256GB you're better off with an SSD in the main bay at today's prices. If, however, you do need more than 256GB, I think the MoXT make a lot of sense...
1. A 500GB+ SSD is till pretty expensive at $325+, and more than its worth to me to invest in a 2011 computer. This matters less if your next computer is likely to be another uMBP (since you can just port the drive over), but if your next computer is likely to be the rMBP, that's wasted money IMO. If 500+GB drives drop to the $200 or less area, then they become a compelling upgrade for this machine relative to the MoXT.
2. I also considered the DIY Fusion drive option, but the 2011 uMBP-15 isn't really well suited for that because SATA-III drives don't work reliably in the optibay. Thus you must choose between putting a slower (and yet still pricey) SATA II SSD in that slot or putting your HDD in that slot and losing reliability (no SMS) but adding noise and vibration.
Given those two options, I went with the MoXT. It's cheap at about $120 for 750GB and its pretty quick. My boot times are between 14 and 18 seconds (even faster on the uMBP-13 we have) and the programs you use every day load instantaneously and feel very snappy. Even when you do have to access the slow HDD platter, it's still a marked improvement over the stock HDD. Our MoXTs Blackmagic at 95-105 MB/s.
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