Wanted to start adding some comparisons between Borealis and Australis to the other headphones I have. Starting with a fun one, this will be Susvara and Borealis. I chose the Schiit Tyrs for my amp here but the rest of my source chain is in my signature.
To be transparent, I'm not a huge fan of Susvara but I appreciate what they can do with regards to spatial presentation and timbre of instruments. To do the comparison I used a playlist of some songs I've been listening to a lot recently. They are:
I see - Cam Cole, Ruminate - Slenderbodies, Jesus was an Alien - Perel, My Fav' Things - Camille Berthault, Saturnine - GoGo Penguin, We are the Night - PROGedia, and Mind on Fire - Aisha Badru.
This is a weird comparison given the price difference but I think they compete in some areas and there are other areas where Susvara is a few steps ahead.
I tried to break down the sound into some categories to help with the comparison. So this is category - which headphone wins.
Stage width - Borealis
Stage depth - Susvara
Separation (how distinct things sound) - About equal
Imaging (precision of sounds as they move through stage) - Susvara
Layering - Susvara
Timbre - For instruments both are good, but I think Borealis wins on vocals
Decay - Borealis
Treble air - Susvara
Bass slam - Similar with slight edge to Susvara
Bass quantity - Similar
Sub bass extension - Susvara
Detail - Susvara
So if you value detail, layering, spatial information then Susvara is an easy choice over the Borealis. But if you like an impactful sound with good timbre and vocals then Borealis is a good choice plus it costs a lot less. There were some instances with vocals especially on the My Fav' Things track that I found Borealis to convey the sound of breath and lip noises a bit better then Susvara. They were there on Susvara but it sounded more natural and present on Borealis. My big complaint with Borealis is that cymbals sound unnatural at times to me like it doesn't have the air or sizzle that I expect. It also doesn't have a great sense of depth to it and the treble has a darker presentation then Susvara. This sort of presentation of treble is nice for long term listening and not getting fatigued but lacks some realism vs Susvara.
The Borealis has a warmer tuning with emphasis on the lower frequencies which makes it a lot of fun for pop and electronic although it is missing some sub bass extension which can be problematic in some tracks. The Australis has more sub bass though so that is a good choice for that sort of music. Timbre on borealis is really good and if you don't mind losing out on detail then I don't think you need to spend more for something like a Susvara or another higher tier headphone.
The Susvara is very detailed with great timbre too but sometimes I find vocals to sound a bit artificial. It has really good slam but sometimes the borealis feels like it has a thicker low end presentation which I enjoy. My main complaint against susvara apart from cost is that it feels flat sometimes like it struggles to convey the dynamics in music that borealis handles much better. Other than that it's a really solid all around headphone I just don't like the idea of paying so much for a headphone when something like borealis or even 800S exists.
A bit of an odd comparison but hopefully that helps convey how borealis compares to a well known reference like the Susvara.