In my part of the world, I get to see sats #42 & #50.
My experiences with WAAS is that when you do get a lock on these sats, it improves the accuracy by 1 to 2 meters.
When moving under tree cover, the reception is intermitent and when you do lose them, the accuracy is actually degraded to worse than using the GPSr without WAAS.
I get a more constant accuracy reading when using my GPSr without the WAAS turned on while hiking.
If you stay in one place for more than 15 mins, I notice no difference in the EPE with or without the WAAS turned on.
Currently, I'm only using it for hiking in forested areas and driving through the city. Would like to try it out at sea and compare the results one of these days........