I'm going to paste a section from Skylab's final shootout here, simply because it is bloody hard to find in his 216-page monster thread - I hope he will understand. Granted, its one person's opinion, but thats one of the few people who has heard all 3 and a bazillion others, not to mention innumerable tube and SS amps. Happy to hear the voices of dissent, but I think they need to be accompanied by more than meet impressions. I concede that many of us wont be using the LCD2, sadly.
First, the overall winner (bolding is mine):
To be clear: when used balanced, I prefer the SR-71B over either of the other two amps, in every dimension listed above, even when used with a single-ended source.
More importantly for those of us restricted to single-ended sources and phones, the L3 edged out the Stepdance and SR71B in most criteria:
Single Ended Test Results
Music used for the test was Holly Cole Trio’s “Jersey Girl” and “Train Song” (from Temptation), Porcupine Tree’s “Trains” (from In Absentia),
This test was done with all three amps driving the LCD-2 single ended. The results were:
Treble:
L3 > Stepdance> SR71B
The Stepdance’s treble was the most extended, but the mod treble was a bit recessed compared to the L3. The L3 had the best detail retrieval. The SR-71B was just a touch lacking in very top end extension. The very delicate instrumentation during Holly Cole’s “Train Song” is a great test of this. All three were unfailingly smooth, though.
Midrange:
L3 > SR71B > Stepdance
The L3 had the most transparent and open sounding mids, while also providing the most realistic sounding performance on vocals. Holly Cole’s voice especially was just jaw-droppingly beautiful on the L3. Here it was just a bit better than the SR-71B. The Stepdance had a flatter and slightly recessed midrange compared to the other two. Again this is very slight, but noticeable. I preferred the slightly lush mids on the L3, knowing that they were just that - slightly lush.
Bass:
L3 > SR-71B > Stepdance
Again reminding that this is the performance in single-ended mode, I found that the SR-71B lacked a little weight and impact compared to the other two, and the L3 had the best weight, impact and depth combination. This was with the L3’s variable bass control set to flat. All of the amps had outstanding bass performance, but the Stepdance had just a tiny bit of trouble bringing the LCD-2’s bass prowess out to full measure.
Soundstage:
L3 > SR71B > Stepdance
The L3 and SR-71B both had better three-dimensionality than the Stepdance, which seemed a bit flat in direct comparison. The best depth was provided by the L3. Vocals really seemed to float in air.
Transparency:
L3 > Stepdance > SR71B
Again a bit of a surprise – the L3 was definitely the most transparent overall. When uses single ended, I felt the SR-71B has a very slight glaze over the sound compared to the other two, and again I thought this was true when directly comparing the L3 to the Stepdance. All of them qualify as highly transparent, in my view, though.
Neutrality:
Stepdance > L3 > SR71B
I think the L3 and SR-71B both are just a little warmer than is strictly neutral. The Stepdance sounds the least colored if you really peel back the onion…but that said, that does not mean I actually liked its tonality the most; in fact of these three amps, I liked its tonality the LEAST. Such is life, and personal preferences. The slight lushness of the SR-71B and L3 was preferable, for me personally.