I have some generic "48v" 15FET controller that was "rated" for around 30A, got peaks of around 33-35A ish. It had two shunts in it. I added a third shunt (from some random dead controller) in parallel with the first two , and that upped it's limit to around 80A. I have no idea what the original shunt or new shunt values are, it was just an experiment to get more oomf from a cheap controller with as close to zero effort and cost as possible.
So far, it's still working on SB Cruiser, and it sees that 80A ish peak every day dozens of times during my work commute in traffic, for seconds at a time. I have no idea if it would last if I kept pushing that limit up a hill, at least not any longer than it takes to go up some of the canal-path road-underpasses, which is under 30 seconds.
Some time back, I had an 18FET controller from someone that had been shuntmodded by addng solder to the shunts, and again I don't know the before/after values, but the contorller itself failed when used on CrazyBike2 for acceleration testing...something that works fine with the 15FET modded controller with a more power-hungry motor on the much heaver SB Cruiser trike.
So...a shunt mod may get you quite a bit more power, but it might also destroy the controller, if it heats too much inside. (it's also not just up to the FET specs, but also how the controller drives them; sometimes it's done well, and sometimes nto so much...the latter can result in more heating for the same conditions otherwise, and earlier failure under "overclocking" conditions).
If you're planning on replacing the controller anyway, if it doesn't do the power you want once modded, it won't hurt to try a shunt mod.