One of the ZG guys came round today with his shiny black 840c and we played it back to back with my shiny modded silver 840c. set-up: TAG PA20-r pre-amp, only using passive volume control, gain stage switched off, 2x TAG 125m monoblocks, KEF Ref 203's not the brand new ones but the few year old versions, these are re-crossovered with a new board that has the same functonaility as the new 203/2 crossover. ( though i run them flat, not compensated). the players:Mine, 840c with uprated schotkys, Tentlabs XO and shunt reg for XO, Neil Hynes local reg for the dacs, upgraded op-amps, heavily dynamat damped casework. His: 840 most caps on main board replaced with black gates and those little blue shiny cans, don't know the brand, but they are on my PH Reg, schotkys replaced with same DQ10's !, and a cap change on the servo board. nearly 90 parts in total. the sound:Mine sounds about as close to the Rega P5 Dyna 20-x front end i can get it. Tonally it's much better than the stock 840c player, the stage width is wider, though no deeper and the decay of notes has markedly more clarity giving a better sustain, like a motor upgrade for vinyl. The bass goes deeper with force and is much tighter with more slam. There is a large reduction in digital glare and the sheen you can get from stock player, basically it's more analogue less digital. His: Obviously i prefer the sound of mine, but i'll try my best to couch this in none negative terms, there are some plus points too. We both noted that his player didn't have quite the stage width of mine and wasn't quite as rich tonally, it was notably further away in tone than mine, when compared to my vinyl front end. The high frequencies definately had a bit more bite, this could be level or balance of overall frequency range, maybe highlighted by the difference is bass presentation. Where his player did show mine the door however was in the attack and leading edge of transients. His player definately caught them with more focus than mine. I think in this respect his is closer to the stock player, but more so, as mine is a touch laid back in this respect. It was a very Naim style focus to the handling of transients, and definately not overbearing. The effect is likable enough to make me consider trying to regain some of this. Overall, we both felt that mine had the more analogue presentation in terms of width and tonal accuracy, mine also had the tighter, deeper bass, but not by much. His player had a richer top end with the more forward balance, not unduly so, and firmly trounced mine on its ability to catch and portray the leading edge of transients. Both highly listenable and enjoyable, and displaying differences between them that i would consider to be similar to stepping between models in certain brands, though neither was 'better' than the other, just obviously different. Compared to the un-modded player, as best as memory can serve, we both agreed that the changes were definate improvements, though we would do wouldn't we, as we'd both busted £300+ on the mods. If there's one thing to take away from this, then it's the following. you get a much better return on your investement for £20 worth of dynamat than you do for £100 worth of parts and £200 labour... ;-)