Good to hear that your experiment was done correctly. It's pretty puzzling.
I suppose you were listening to headphones connected to Mojo and Hugo 2? If they're on battery power then with optical there's no mains loop so no chance for RF to enter via the music source. So if USB without ferrites sounds the same as optical, then that's a win. It's why I recommend people start off by comparing USB and optical.
A good experiment like this is very useful even if the result is utterly puzzling. I can't think of anything else that might need to be checked, so for me the comparison with optical makes this pretty conclusive.
I think there's 2 or 3 people on the Blu 2 thread who also had an "overly dark, smoothed-out, mushy" experience with ferrites. I think they all have a pre-amp or power amp connected after DAVE, which might be a factor (don't know how). But that doesn't seem to be how you're using Mojo/Hugo 2. A Blu 2 setup is tricky to debug because there's no baseline truth like there is with just an optical connection which gives perfect galvanic isolation.
My DAVE system is headphones only and a friend's Hugo 2 system is speakers via integrated amp, both sourced from an ordinary PC, and they're consistently better with ferrites (darker, more powerful, faster, cleaner, more transparent)...
Now playing: This Will Destroy You - Quiet