What's different between April 4th image (MMB29X) and April 11th image (MOB30D)?
I don't know a lot more than what was said above including the links.
One might infer from no change in security patch dates that maybe (?) the differences are not related to security.
Franco (the developer of Franco kernel) updates his kernel immediately on the same day that the nexus images become available and posts about it on xda and google+. From his posts, I do know that the more recent April 11 update added something that wasn't present April 4th: a performance improvement copying what Franco had recently done on other devices, as discussed
here. Specifically they increased the "Kernel tick clock" from 100 (per second) to 300 (per second). The geeky explanation of tick rate
here. My uninformed take from that page and the discussions about the recent change: it may result in very slight increase in speed for certain processes and also more accurate calculation of statistics that are measured over time (like attributing resource usage to various applications), at a very very small cost in increased battery usage.
I certainly haven't noticed any difference in speed or battery. And the numbers in my battery stats still don't add up (oh well, so much for more accurate calculation of statistics
). Seeing as we're already just about half way thru april, I guess you might not be missing much to wait for May.