Band: opinion spread · Dot: weighted average
Sources split three ways on the sound itself. The largest group hears a natural, organic, rich R2R character that delta-sigma boxes lack. A middle group enjoys it but names the cost: it acts like a warm smoothing filter that suits bright planars and blunts everything else. The measurement-minded camp hears softened detail and coloration, points to the numbers, and found Topping stacks more precise. Reviewers also disagree on the tilt itself (warm, neutral or even 'sterile'), partly because each headphone output has several ohms of output impedance, so the same box sounds different with different headphones.
Measured
GoldenSound's Audio Precision bench of a fixed unit (balanced out, 32 Ω, low-gain OS) measured 105.0 dB dynamic range, 105.2 dB SNR and about 20 µV of noise, with distortion rising toward both the low and high frequencies — a curve he says 'may result in a softer/sweeter subjective sound'. Output impedance measured 9.8 Ω on the balanced output, and L7Audiolab found about 18 Ω on the 3.5 mm jack. HIFIMAN's own figures (0.002–0.004% THD+N, 118 dB SNR) are quoted for the line outputs only.
vs. listeners — The bench supports the 'soft/sweet' hearing and explains part of the split: with several ohms of output impedance, headphones whose impedance swings (most dynamics and IEMs) shift tonally, while flat-impedance planars don't — TechPowerUp heard a 'different sound signature from the different headphones outputs even with the exact same set of headphones'. A second factor dated some early impressions: early units shipped with the left and right DACs a sample out of step (L7Audiolab and GoldenSound both measured it, worse in NOS), which Z Reviews suspected was part of the 'smoothness'; HIFIMAN fixed it in later production. Measurement constrains what's there; whether the coloration is a feature is preference.
“The slight warm tilt with plenty of juice (not easy to have a ton of head room left with these cans) is just right for me.”
Mllump · Head-Fi
“It can also work well for those who want a warm smoothening filter over the sound from other headphones but that's at a sacrifice of accuracy and tonal balance that I can't get behind more often than not.”
TechPowerUp
“The THD+N vs frequency on the EF400 is quite U shaped, with a rise not only into the higher frequencies which is not too uncommon, but also a rise into the lower frequencies.”
GoldenSound · Headphones.com
