I sure haven't been impressed with the NH lounges. Maybe SQ is better but it really isn't that easy (may not even be possible) to go to a different lounge at PVG -- you need the right "invitation" card to get in, they could well not have a clue about the *A rules. If you try it, let us know how it works.
Moondog, do you really think that's enough time to do much other than take a round trip on the maglev? I think what you describe is pushing it for 3hrs40mins.