So, I got a chance to A/B the Caelum and the FF3, and I can say two things right off the bat upon insertion into the ears. The FF3 are better at doing bass (deepness while retaining texture and accuracy, and speed) while the Caelum are better at all the rest (to my ears).
The bass on the FF3 comes as no surprise because of the fantastic R&D FiiO have done with the shells exactly to make the bass better. Overall, I would say that otherwise the two have similar amounts of bass quantity though. I think the FF3 have a bit more focus on subbass, where the Caelum are just a tad bit more focused on mid bass. I wouldn't call either of these huge in these differences in quantity though.
The Caelum does away with the upper mid/lower treble focus which might, at first listen make them sound like they lack the clarity of the FF3, but the better treble tuning actually leads to better separation. I believe this makes them sound almost smoother yet retaining the overall clarity. Because of this tuning, it makes the Caelum sound very slightly like a U shape on some songs, where others it brings out the vocals (having some higher presence region instruments recessed just a tad comparatively). Overall though, the FF3 sound more mid forward compared to the Caelum. A lot of the staging on the FF3 (IMO) come from that boosted presence region, where the Caelum rely on the higher impedance to do the same naturally (125Ohms IIRC).
I think that the FF3 reach a bit higher in the treble, albeit recessed a bit, where the Caelum are tuned with a bit more treble quantity but are rolled off a bit earlier. Having said that, it could be my ears deceiving me because the Caelum are also a bit warmer (from upper bass) and might be masking the upper treble a bit.
Bottom line is that they are tuned similarly in individual frequencies, but sound pretty different overall because of that non boosted presence region. For instance, I think that if the Caelum had that boost like the FF3 does, they wouldn't sound warmer than the FF3.
Apologies for the seemingly random thoughts here, but I was trying to get my thoughts down as I listen to both sets...