I love the confidence behind bumping your tROAS from 220% to 250-270%, but I'd challenge the expectation that conversion value will magically climb. That's not how Performance Max works in practice.
Here's the thing: if those three campaigns were already burning through daily budget and holding a solid 5x ROAS at 220%, Google was probably sitting pretty. Raising the target doesn't signal 'find more high-value conversions' - it signals 'be pickier about auctions.' Sometimes that improves margins, sure. More often than not, though, it chokes spend because the algorithm can't find enough inventory at that efficiency level while still using full budget.
I've seen accounts where tightening tROAS just killed volume without any meaningful uplift in conversion value. The net effect was less revenue, fewer leads, and a confused campaign that never hit the new target. And if you're in B2B SaaS like me, pipeline velocity matters more than a few percentage points of ROAS vanity.
So no, I wouldn't expect a further increase in conversion value from this move. More likely you'll see fewer conversions and maybe a small efficiency bump - if you're lucky. The real game with PMax is finding the sweet spot where efficiency and scale don't cannibalise each other, not chasing the highest number possible just because the dashboard says you can.