It's not a simple build, but it is a great project. I built the GGG version with all of Tonda's mods plus a wet/dry mix control.
http://moosapotamus.net/THINGS/fsh-1a.htm
Use sockets for the transistors so you can change them out without doing any soldering, especially for the "noise" transistor. You might want to audition a few different ones. And definately use multi-turn trim pots.
When not playing, there is a little bit of audible LFO bleed-through on mine when it's in sample/hold mode (faint ticking). But it's not noticable when playing. I never noticed a volume drop in S/H mode, but that might vary from pedal to pedal depend on the specific "noise" transistor used and how the trim pots are set.
If I was going to build another one, I'd try increasing the value of the input & output caps too, to make it let a bit more of the low end through.
~ Charlie