You know theres also another thing people don't take into account when looking at frequency response graphs... In Fact Ive never seen anyone mention it in the almost 6 years ive been here on headfi...
Frequency response is a combination of the sound coming directly from the drivers, reflecting from the inner part of the pads, reflecting from the plastic inside, etc... so even if one headphone is tailored to sound perfect on paper, it does not mean it will sound the best. The headphones drivers might have an extreme dip in one part of the sound but will come out on the graph as being flat due to some inner reflections causing a peak to compensate for the drivers dip in response.
Headrooms square wave response measurements help here because if only reflections were to cause a flat response in an area around 500hz for example then it would show on the 500hz square wave to be totally distorted since reflected energy can in no way spit out sound instantly to create a perfect square wave. This is why IEMs like the se530 is almost perfect in square wave response... You are not getting much reflected energy when the drivers are shoved directly in your ears! Now, In theory you would have to measure a square wave response in as many frequencies as possible to see where the flat response coincides with a perfect reproduction of a square wav to see if all those parts of the frequency response that measure flat are really flat because of direct energy from the drivers or if they are mostly reflections causing a raucousness in the sound. Then add to the equation that the square wave is not just distorted by reflections but also because of a drivers attack and decay capability(speed) then you get into more confusion
With speakers for example, Ive noticed that so many designs are almost ruler flat from top to bottom on paper yet the sonic flavors differ so much from brand to brand. In response to this, I did an experiment. Around 10 years ago, I was looking at the responses of some speakers at first and tried to hear the parts where the biggest deviations from measuring flat are. I heard those deviations and tried to apply EQ using an audio control equalizer to make the different speakers as flat as possible(even used an RTA later on). Once measuring similarly on an RTA, The sonic flavors(house sounds) of the different brands were still their own. I asked myself why? they were already measuring flat!!! After that I heard some magnepan mg1.6qrs and I said wow, these are nice speakers. I then saw Brian Damkroegers review on stereophile and looked at the FR graph. I said whoah, this has got te be the worst measuring audiophile speaker Ive seen on paper as far as Frequency Response goes... then it dawned on me that those so called flat speakers I RTA'd and EQd didnt really come out flat just because of the pure energy from the drivers. It was the combination of the sound of the drivers the box and the room that made them flat which now explains the house sounds not going away even after the EQing. No matter how much I EQd, I was never gonna change the way each enclosure contributed to the sound. With the Maggies, you get the box out of the way... So what you measure is pretty much purely from the drivers and the room. If the maggies measures perfect, we probably have something like the holy grail of audio in our hands but thats another story.
Hope you read through and enjoyed that rambling