拆解语音转指令数据流水线，发现质量提升不等于模型表现提升

Industry pipelines that turn speech into supervised fine-tuning (SFT) data via multi-stage refinement are increasingly adopted but, to our knowledge, have not been publicly ablated stage-by-stage, leaving each stage's marginal value unknown. We design a production-ready speech-to-SFT pipeline in which transcript refinement (Phase 0) and SFT data quality refinement (Phase 2) are independently toggleable, yielding a 2x2 factorial design. For each condition, we generate QA-form SFT data from Korean medical and finance conference recordings and fine-tune 9 models (5 LLM families, 2.4B-70B); we evaluate with four cross-provider LLM judges, a blind six-expert human evaluation, and 3 downstream MCQA benchmarks. Our central finding: under a fixed, standard SFT recipe, improvements in QA data quality do not transfer uniformly into downstream MCQA gains. 4-judge quality rises consistently, yet the cross-model mean MCQA gain is not significant; positive transfer concentrates on family-domain aligned pairs. This differential pattern is consistent with a format mismatch: Phase 2 shifts SFT-data composition toward explanatory items, while MCQA primarily probes factoid recall. All six human raters report higher full-pipeline quality, confirming the LLM-judge direction. An STT-engine swap to Whisper-medium confirms pipeline robustness. A non-hallucination audit shows the two frontier LLMs admit unknown on approximately 8% of QA on average; we release samples, prompts, code, and all SFT checkpoints.