To go back to the original question. If you want full GPE conversion that can receive ota updates the link above will, providing you flash the stock recovery (a link to this is provided in the thread) What Otariq says is correct, it does actually convert your phone to a full GPE, partitions and all.
You can flash back to sense but there is a simple procedure you have to follow..
Depends what you prefer.
I am on the conversion and love it