My model is an SMIQ03E actually! I've grown quite addicted to going to my local 2nd hand electronics store in recent months scrounging for anything with an rs232 port!
It can be used a vector RF signal generator with I/Q inputs. The only limitation is the reduced input bandwidth.
Which MMIC did you replace? And what errors did you see? I have 110 and 111.
I'll report back if we ever get it actually working properly.