The bass slam is the one trick, and in that regard I think it is world class. Really. I have entire albums I don't even bother listening to on anything other than the HE-400. The minor 1kHz spike, bizarre 2-6kHz scoop, crinkly treble, and uninspiring THD measurements are notable drawbacks. But the bass slam makes it all irrelevant.
I'm sorry, and I don't care if I take heat for this - I think the pure amount of modding required for this can is insane and is indicative of the fundamental issues it has. The grille mods in particular make my jaw drop at how intense they get. These aren't "untapped potential mods" like Fostex builds - these are "fix the huge fundamental problems" mods. If mods like these are required, the headphone has serious problems.
But, again - the bass slam makes it all irrelevant.
Nah no worries mate I'm not "arguing" with you, just disagreeing with you in a few areas. I don't want to over- or under-hype the issues to the uninitiated around here.
For one thing most people that ever bought these and reviewed them hear said they were generally "underwhelmed" by the performance. It takes a solid couple weeks of listening for your brain to adjust to these, but once it does, man, dat bass! I am one of those people - I did not at first love these. But they definitely grew on me.
To be fair, the HE-400 are not perfect and particularly for $400 originally, it isn't clear they would be my current "value winner". They have always had the too-long, stiff, cheap cord, comfort issues, and a sound-signature that can sound lean and harsh (at first). But given that the cost of planars only seems to be
going up, I've found that it is totally worth it to take the advice of others and do
basic, easy, reversible mods. Tons of headphones out there have problems and for most it probably isn't worth trying to fix them or it would be too hard to do so. But Hifiman re-issued their own HE-1000, and so clearly there is something to these types of mods that are worth doing. More importantly, they suggest that the drivers are not the ONLY thing impacting sound quality in meaningful (if hard/impossible to measure) ways.
I wouldn't touch my other cans since to take them apart would probably be to break them. But the 'grill mods' are ridiculously easy. So is adding self-stick sorbathane patches. EQ'ing doesn't require anything but some knowledge of EQ and something like Foobar.
Here are the basics:
1) Buy the $10 velour pads (OR, Jergpad your pleathers - remove the foam ring, cut some pleather off the back of the pads).
2) Cut 9-11 kHz by a few db. Shelf the bass from about 150 hz back by 1-3 dB. Consider a boost to 3.5 kHz of 2-4 dB. Reduce global gain to reduce chance of clipping.
3) Buy Sorbathane, remove grills, stick on sorbathane. Re-install grills. Drink a beer.
4) Get a decent amp.
5) Skip the grill mod because cosmetically, sure, but audibly, no. I did not hear better SQ with my grills removed.
6) Listen to the CD version instead of the Mp3.
The fundamental issue of these cans is, and was, I think, a lack of damping which different pads and some modding largely addresses. It is not at all clear that the THD (distortion) is related, because I haven't measured mine post sorbathane and can't anyway. The sorb mod cleared up congestion in the midrange significantly, as did switching to velours or using modded pleathers. Chances are, the THD would look better. To me, when the mods are easy to do, it should be done. In my home theater setup, I'd move speakers around, run auto-EQ, play with crossovers, and buy new windows if it improved the sound. What's the difference? Headphones are just 'speakers in a room' too, so if you have a good speaker and a bad room, change the room. That is pads, enclosure mods that change damping characteristics, EQ, whatever.
The HE-400 are in part, proof that you shouldn't judge a speaker too harshly on measurements. They may not be a benchmark reference can for Harmon International, but I still enjoy them despite having measurably better phones in my collection.
Certainly I wouldn't call what was once considered the best value in headphones "fundamentally flawed". There is room for improvement in many products. IF you did only ONE thing I would say to switch to the velour pads - I just never liked the stock pleather sound. OK OK and EQ down that treble spike by a few dB. That kept me very happy for 2 years.