How good is the Helios 103?

Agreed; photos really are worth a thousand words with stuff like this! Here's a direct comparison I did with its contemporary, a late Jupiter 8M on HP5+ some years ago:

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Stupidly, I didn't note exposure, but I'm pretty sure these would have been at f/2. The Helios has noticeably more "swirl"; looking at optical diagrams, its design looks much closer to a Summar than a Summicron, so I can't say I'm surprised. Contrast is a tad higher, and detail tends to be sharper than its Sonnar-based brethren.

And actually testing it out HCB-style, wide-open on an M240 via Amedeo, you get this:

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Edges can get a bit rough like that at f/1.8. I think that's too much of a stretch for this lens design. Here's another one at f/1.8, this time on a Leotax T2L and Fomapan 100; note the weirdness at the bottom of frame:

Leotax T2L - Roll 19 - Foma 100 - Rodinal (19).jpg

Once you get to f/2.8 or f/4 it's much better across the entire frame. This is at f/4 on a Kiev 4AM; terrible photo, but it shows how much better the edge sharpness is by this point.

Kiev 4AM - Roll 15 - Ilford FP4 - LC29 (16).jpg

And while I didn't log exposure for this, it was probably at f/5.6, and it's just as good as lenses ten or twenty times its price - and easily better than any other Soviet lens:

Leica IIIg - Roll 28 - Foma 100 - Rodinal (32).jpg

Definitely an under-rated lens. I wouldn't buy an Amedeo just to use the Helios, but having an Amedeo (or a working Contax or Kiev) makes picking up a Helios 103 a no-brainer.
 
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Taken with the Kiev 4am a little while ago on Provia 100f.
 

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