Technically speaking, an improvement in either is beneficial economically.
If they reduce the manufacturing cost, we get them for cheap.
If they increase power conversion rate, we can buy less panels than presently needed.
Btw, I think that our govt:/ should plan smthing like this for the Rajasthan Deserts.
*upload.wikimedia.org/wikipedia/commons/thumb/b/b6/Solar_two.jpg/300px-Solar_two.jpg