What are your thoughts? I mean, SSHD is certainly better than a normal spinny, but is an SSD enough of an upgrade over the SSHD to justify it, instead of going to 16gb ram from 8gb?
If you are looking for a completely abstract comparison between RAM and SSD, the key is that RAM is
far faster than an SSD, but is smaller in size and is erased when the machine is turned off.
Now, before you yell at me for stating something completely obvious, let me point out that these factors determine whether you will see greater gains from one or the other.
First: how often are you rebooting your machine? As the operating system tends to be too large to fit comfortably within the SSD space available in a hybrid drive, you should see a fairly decent improvement in bootup time with an SSD. RAM can't help here. (I personally leave my machines running 24/7, so I rarely deal with bootup time.)
Also, if you are dealing with large, random-access databases (large enough that they cannot fit entirely in RAM)-- for example, a enormous collection of photographs -- an SSD will truly shine.
If you do keep your machine up and running for long periods of time, though, I'd go for the RAM. Even if you are not running applications that demand enormous amounts of memory, the OS will utilize all available RAM as a disk cache (effectively the same trick a hybrid drive performs), only better, because again, RAM is much faster than SSD.
Also, I personally wouldn't bother trying to crack open a 2012 mini to add an SSD, when the machine sports both Thunderbolt and USB3 ports.

There's not all that much difference between the throughput of internal and external drives in this situation. And you can boot off of an external drive.