It looks like I am approaching an "end-game" headphone mod (for me - your mileage may vary). I am currently listening to the following mod:
Cups - fully lined with Paxmate, with shaped paxmate over center post. The 4 port lines are left totally open.
Baffles - mass loaded with Locktite "Fun-Tak" (I will likely replace this with Plasticine once it arrives). I covered this with Paxmate per the RP-2 mod. The stock white felt over the driver is removed and replaced with 2 laters of 3M Transpore tape, and squares of Transpore covering the 2,4,6,8 and center sections.
Ear side: The driver covering has been removed, and there is one layer of Paxmate under the pads with a 2nd layer built up around the rear of the pads to give them some angle. Pads are currently stock, but I have a pair of Shure 840 pads that have arrived, and will likely try them as well.
The results: This setup, for me, is extremely involving and the frequency spectrum seems very well balanced. I listened to the following recordings. Source was my highly modified Adcom GCD-575 and L'Espressivo Torpedo tube amp.
Shostakovich Sym 7: CSO / Bernstein, Movements 2-4
Muse - the Resistance
Peter Gabriel - Plays Live - Disc 1
Philip Glass - Symphony 8, Movements 2-3
Sheryl Crow - Wildflower
The level of detail and balance in this setup seems almost perfect. Soundstage is good - very natural, not quite as big as my K501's, but the phones certainly do not sound like closed cans!
I say almost perfect because I also have a pair of T50RP's modified with the RP-2 mod, minus the O2 pads. I am using Fischer FA-003 pleather pads with this right now, but I cannot get rid of the midrange hump in this mod. However, the low end of this mod is a bit better than the pair described above. If I could get the low end of this set into my other one, then it would be, for me, perfect.
Edit: I should note that many of these ideas are from BMF's past mods. I suspect I can improve this some more through better mass loading on the baffle side (I may try the BMF #6 suggestion in this regard).