To give you the obvious question, the bulk fill end cap allows you to bulk fill your QB78....hehe, clear as mud right? Instead of adding powerlets(CO2 capsules), you can just fill the CO2 tube full of CO2 from a source such as a paintball tank.
How far can you go with a QB78....hehe, I've gone pretty far and I doubt I'm even close...here's my two, and my Crosman 2300:

Top one is a Mike Melick tuned AR2078 (match rifle variant of the QB78). Outside of the Mike Melick tuned action I have a barrel shroud by Roy Weid of Mountain Air, a beautiful curly maple stock by Steve Corcoran of Woods and Water Outdoors, and a 6X24X50AOE Chinese scope with one piece mount...this thing COOKS!
The bottom is a stock QB78, I tuned it following Charlies tuning guide and a few things out of my own hat, it has an Arts Shack muzzle brake, RJMachine barrel band and a shiney polished bolt handle (chucked it up in the drill press and spun it down with finer and finer paper then steel wool).
I love my AR2078, but really enjoyed the time I spent tuning my own QB78. I haven't gotten any real good chrony numbers on it yet(last time was in hot summer causing valve lock), but I'd guess it shoots in the low/mid 600FPS range...both of mine are in .22.
None of mine are bulk filled, but I'll probably move in that direction next summer when I can shoot them again(CO2 kinda lacks at 40F). I don't know much about the 78T variants, but suspect that there is a little something different to the air tube, someone else here probably knows that answer(probably length, and obviously the end cap).
I would have to say that there are tons of cool things about these guns, I wish I had 100 of them sometimes, definately can't beat the price. As far as being limited on mods....the only limiting factor on mods is what you can dream up...this is a very easy gun to work on if you have some mechanical ability. I don't think there are many mods out there that you can't do with most any of these models, except maybe run powerlets in the bulk filled "T" versions:)
HTH,
Dan