Good review and conclusion! I'll definitely have to try out the Emotiva and compare it with my O2 sometime. You did a really great job in trying to be as objective as possible which is pretty hard with a new amp. BTW, I found a cool trick in making sure I'm comparing two different amps or headphones with the same level:
Get the SPLMeter iPhone app by Studio Six Digital - use it with the apple earbuds and put the earbud mic in between your head and driver. Switch the response to Slow on the app. It'll tell you the average volume of a certain section of track. I found it works well no matter how the earbud mic is positioned near your ear. If one headphone is louder than the other, it'll consistently show up in the meter. It sounds like a funky setup but it really works, and I found once I did that sometimes advantages of an amp were mainly because I was listening to it a bit louder. You'd be surprised how hard it is to level-match by ear. Just a trick i'm sharing
BTW we have similar musical tastes, Bassnectar is also a local here. I'm loving my HE-500 with EDM and listening to a lot of Berlin techno at the moment..