Does SME v7.2 support what the 
Google webmaster guidelines baldly quote as being the 'If-Modified-Since' header?
I asked some while ago for SME 7.1 but that 
post sank without trace.
A site of mine shows bottom line pages each of which contain a mass of 
thumbnails - some times numbering in their hundreds. Uplink bandwidth 
is a limiting bottleneck. When visitors return for an update their browser 
obviously and reasonably issues the usual page request. I observe a
veritable bunch of 304 flags going out. Their use of resources is tangible 
but admittedly nothing as demanding as each higher resolution graphic to 
which each of these thumbnails point. I am trying to satisfy myself that 
SME is appropriately and fully optimised in this general (operational) area.
My feeling is that the (nothing changed) response must be as lean as is 
possible, in the same way that a HEAD is leaner than an equivalent GET.
----best wishes, Robert