The current generation of Imaging Atmospheric Cherenkov Telescopes (IACTs), comprised of major installations such as the MAGIC, H.E.S.S. and VERITAS telescopes, is sometimes called the 3rd generation of such instruments. These telescopes use multipixel cameras composed of hundreds up to thousands photomultiplier tubes (PMTs). The supremacy of PMTs is currently being challenged by photon sensors, rapidly spreading in popularity: the silicon photomultipliers (SiPMs), that are becoming a valid alternative thanks to their high PDE, low operating voltage and flexibility in installation. In this report, we investigate the performance of an existing 3rd generation IACT array (taking as a working example MAGIC), in which PMTs would be replaced with SiPMs, applying generalized simulations, not tuned for a specific hardware solution. We find an energy-dependent improvement in sensitivity, reaching a factor of three at the current trigger threshold energy. Interestingly, we also find that the stronger sensitivity of SiPMs in the red part of the spectrum, a source of background for IACTs, does not affect this performance.