I think it’s a huge waste of money to continue operating KWLE at this point. The target audience they would like to reach can’t hear anything on 1340. It might (keyword might) work as something hyper local (and targeted toward Whidby Island), but it can’t adequately reach the listeners it needs to reach.
On the other hand, 1110 is a bit of a darkhorse surprise. I regularly can hear at my place in the lower mainland. It doesn’t sound great, but if someone wanted to listen to it, they could. I would imagine it sounds decent if you tried to listen to it in Victoria.