I've ranked websites in the past with spun content, and now they are still on #1 position of google. First year (2014) google found me because my spun was really bad, many paragraphs were just copied and my position drop from #2 to around #20 after a panda update. Later I cleaned all my text with better spun (I didn't buy any article!), my ranking went up again, and with more backlinks I reached #1 and it is still there
Very Readable Content – for this one they recommend setting the 1st input to “Very Readable” and allowing both sentence rewriting and paragraph editing (2nd and 3rd input), but disallowing automatic paragraph spinning (the 4th input). Keep in mind that this type of spinning will generate much less unique versions of your content as less synonyms will be used for the words. 

Great article and research, thanks so much. I was looking to speed up some of my content writing but these are pretty bad. All of them do awkward things that would require proof reading and replacing words and phrases to be published. This was a simple short story, very readable. Professional industries with inelastic terms and vocabulary would not fare well. Just this one paragraph felt like a lot of work to fix. I’ve heard a lot about spinners and SEO, but now I see that it would not work in a professional industry, unless I’m judging to quickly without trying them, let me know. I don’t see business or legal content doing well with these.
Quality readable content is key here. Google, for example, will recognize that people are leaving your site soon after arriving if they perceive that your site or blog is full of junk content. This is called "bounce rate." If your bounce rate is high, then people are quickly leaving your site. But for the sake of your business, to build your online reputation and brand, you want people to visit your site, stay for a while, and then keep revisiting over the long term.
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