This picture simplifies dramatically the view about particle spectrum and scattering amplitudes. The most surprising outcome was the possibility to interpret leptons and corresponding neutrinos as local 3-quark composites with quantum numbers of anti-proton and anti-neutron. Leptons belong to the same super-multiplet as quarks and are antiparticles of neutron and proton as far quantum numbers are consided. One implication is the understanding of matter-antimatter asymmetry.
Also bosons can be interpreted as local composites of quark and anti-quark. Hadrons and hadronic gluons would still correspond to the analog of monopole phase in QFTs. Homology charge would appear as space-time correlate for color at space-time level and explain color confinement. Also color octet variants of weak bosons, Higgs, and Higgs like particle and the predicted new pseudo-scalar are predicted. They could explain the successes of conserved vector current hypothesis (CVC) and partially conserved axial current hypothesis (PCAC).
For a summary of earlier postings see Latest progress in TGD.