Just received my LCD-5 from moon audio (you guys are awesome, no pre-order was needed they had two in stock and sent me an email) as a long time user of the LCD-4, the lcd-5 are very different beast. First thing that hit me is how clear and forward they are, vocals are clear without harshness, the treble is slightly on the dark side but my tube amp adds good amount of warmth, the bass is actually lacking to me compared to my LCD-4, LCD-4 had huge bass and that's excellent depending on the type of music I was listening too but the lcd-5 are more subtle and the bass responses is good but not overpowering and suits a wider range of styles of music and that's actually good for me.
Soundstage is great, wide and open gives you great sense of presence and depth, I'd say they are better than the LCD-4 in this department.
so far I say the lcd-5 are a great pair of headphones but I can't directly say they are better than the LCD-4s.
I do love my custom rings on my LCD-4s, the lcd-5 are light and feel like good quality and the finish is contemporary and stylish, but my LCD-4s are just beautiful, the leather ear pads are not my favorite and the headband is tight at the moment but with some good usage I'm sure it will break them in.
I'm happy with them and as I break them in, I'm sure they will sound better!
setup is
Woo audio WA33 elite (custom tubes)
Chord Dave
Chord M scaler.
Mutec mc-3+ usb
PS audio BHK preamp (custom tubes)
Roon Nucleus
PS Audio power regenerator (power plant 20 / power plant 12)
ton of high end cables (too many to name lol)