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Originally Posted by Fbone
I suppose if the same book is available at Amazon, B&N, Sony, etc it would have the same formatting problems if they originated from Smashwords?
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Not necessarily. Each store has its own conversion method, and it depends on whether the books are distributed to the other stores via SW. For my own, for example, I make my own epub and mobi files in Calibre, and upload those to BN and Amazon. Sony goes up via SW. Other authors upload Word docs to BN and Amazon and hope for the best. You can't generalize.
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Can authors take down and upload a better version themselves to these other sites?
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Yes, if they have direct accounts, such as Pubit and Kindle KDP.