Scrounger and others,
I have the 54"MMM and purchased the mulching kit and blades with it.
If all I were ever doing was mowing nice lawn, PROBABLY the mulching kit would work fine. However, sometimes, I want to mow and discharge. The kit is NOT an easy on/off deal, though if you had the deck off, it is not difficult.
I don't know if the MMM has the kit holes in it or if you have to drill them, since mine was dealer installed. There are probably 10 5/16" bolts that hold on the shielding.
I've left my kit off, gone with the normal blades, and fabricated a metal cover plate that bolts over the discharge opening. It works acceptable for me.
You can do as you wish, but I'd recommend making a closure plate, buying some mulching blades, and see if that does the trick for you. It's a lot easier to take off two bolts that you can reach from the discharge area than those bolts all over the deck with the kit.
Ron