I took the elven gilded armor I was wearing (41 armor), some quicksilver bars, and improved it at the work bench. That took it up to 47 armor. Not bad. I then went and restored from a previous save, got the eleven armor perk, and then improved the same armor. The armor was still 47.
Do I not understand what "twice the improvement" means? I would have thought after the elven smithing perk, that I could improve the armor to 53 armor.
I do not have any smithing or armor related mods on, btw.