I have made a companion mod for this mod that uses my customized SweetFX_settings.txt file.
and the message board: http://forum.egosoft.com/viewtopic.php?t=359042
All you have to do is copy and paste over your existing SweetFX_settings.txt file and go. Make a backup in case you don't like the changes.
What I was looking to accomplish-->
Mostly No more silly rock/ice-glow.
Better Highway Effects
Reduce extreme lensflare effect
Reduce light-based fog/shine.
Keep the instrument panel bright and easy to read.
Make space darker which adds to the depth immersion.
Make shading around objects and stations more realistic.
Keep things fairly vibrant and colorful.
Make the HDR effects more realistic which makes planets look great btw.
Anyway, the game is much more beautiful now.
Try these setting and let me know what you think.