Humble opinion ahead, if you don't face any quality issue, then the Meizu M1 Note is pretty good at the price selling.
It is faster than Meizu M2 Note, and of better quality than Lenovo A7000 Plus, which has similar spec.
The only worthy upgrade would be Xiaomi Redmi Note 2, which use a higher end processor, and upgraded the graphic chip too, Mediatek Helio X10, but it is still not officially available at Malaysia. Won't recommend you buy AP set.
On usage wise, it is depend on what you really need.
Overall, Meizu M1 Note has a good camera, good battery life, and good screen.
For some easy comparison, it's performance is better than a Samsung Galaxy Note 2, but loose to Samsung Galaxy Note 3.
The only downside is it don't has expandable memory, and the processor's graphic chip is not high end enough for today standard, you may notice the lag on playing high 3D graphic game, but still playable.
You can turn down the graphic setting to make the game running smoother.
Meaning, if you can live with it's only 16GB or 32GB memory, and not playing any high 3D game like Asphalt 8, Real Racing 3, Modern Combat 5, then no point for you to consider an upgrade.
It is a never ending comparison, where in future for sure there will be higher end phone with similar cheap price available on the market.
you got the point. thanks .