Okay fenders arrived in mail and just finished installation. Now that they are on, I love the looks and style. I have a black bike and these matching fenders almost blend in so well that you don't notice them. I installed the P-45s and I use both 700cx28s and 32s for tires. They also seemed to be very solid and high quality, once installed. Before I got them on, I had some concern...
Now the bad: The instructions were practically useless. There was no parts list and SKS includes several "extra" nuts and bolts to accommodate various frame types and installation methods. This is a nice thing but I still wish they provided a parts list and indicated this fact on the instructions. Before installing, make sure you have a Drimal, bench grinder, or some other easy way to cut and trim pieces. I had to take off between .5 and .75 of an inch from the mounting stays because they were too long. A Drimal worked perfectly and I used a bench grinder to re-smooth the ends.
Lastly, There are lots of little parts to put together and line up in order to mount the fenders on the ends of the stays. This was a royal P in the A, especially after getting them together, mounting them on the bike and realizing the stays were too long and needed to be cut down...build, tear apart, repeat...
At the end of the day, patience overcame a fairly difficult installation and adjusting process but now that I'm finished, it was worth it. Hope this is helpful to someone out there.