What I find interesting is that people are too quick in terms of slamming your entire mix through some arbitrary effect like a widener. I take the Hi Fi approach. Would you really want to do that? Although you may gain something in terms of widening you will loose something else in the process.
(I can guarantee it. If you did a controlled A/B test with and without the effect over a mono speaker I bet you will pick the version without the widener as nicer) Do your research and really find out what a widener is doing. You may be surprised.
(they distort phase and time on purpose and mess with EQ. Do you want to run your mix through that!) If you have got a stuff on your masterbuss then maybe you should take it all off and see if you can create the same vibe back at track and buss level. Leave your masterbuss alone.
(gentle two buss compression is a slightly different thing and I don't have a problem with that) It is poor man's way of saying Oh my mix is not wide enough so now I need to widen it. Go back to your mixing and do the widening back at mix level. Also what
Herb is saying is also very true. It might only be one or two things in your whole mix that need widening. Find them and do it there. Leave everything else alone.
A mix is a much more complex signal than a track or a buss. Any effect might be good at track level but may not do so well on a very complex signal. Converting stereo to M/S and altering the M/S balance is OK
(and probably the best option, Channel Tools sounds OK as well) but you can also do the same thing in your mix too.
This advice is also applying to mixes that you are creating yourself not the OP that did transfer an older mix from a cassette and wanted to widen it. OK you might be able to do something with a widener over that and of course that is your only option as you do not have the original mix to work with. But for those of us that do have control over the mixing phase all I am saying is do more at mix level and less at masterbuss level and you will be rewarded with a better sound in the long run.