I am in split minds. All the cans said to be a good match with M-Stage are bright cans(HD800/AKG/Beyer) but HD650 is darker, don't think it would pair well. Wish I could hear them before buying.
Here's my experience with the HPA-1 (no DAC in mine--I have an Audio GD NOS 19 for that). I use the HPA-1 ~12 hrs/day as a preamp in my desktop system. Most of my listening is low volume classical via the Swan M200 MkIII powered speakers (excellent). 4-5 tmes/wk I break out headphones and plug into the HPA-1 or Lake People G109A--both of which are active, getting signal from by the NOS 19's dual RCA outputs. I can readily compare the HPA-1 to the very straightforward/competent G109A, a slightly warm/smooth solid state design,
In the past 4 months of so, I've listended to 6 headphones through the HPA-1:
-- Fidelio X-2's, a distinctly "warm" semi-open design
-- AKG K553's (since sold) which I found to be bass-shy and bright
-- Takstar H6000's (currently F.S.), which U regard as fairly neutral
-- JVC HA-SZ1000's, a renowned basshead headphone that actually is relatively flat w/o heavy equalization
-- Yenona Adapter-Free DJ headphones, a "fun," V-shaped closed design with lots of bass & slightly elevated treble
-- Marantz Pro MPH-2's, a closed design I find quite accurate with a very slightly elevated lower bass
6 headphones: 3 considered "warm" (Fidelio X-2's, Yenona's, Marantz') & 1 considered "bright" (K553's).
What I found is that the HPA-1, despite its overall (but not excessive) warmth & non-fatiguing treble, did not sound extremely different with any of the headphones vs the G109A amp, with 1 exception: the Yenona's sound slightly "boomy" in the bass/mid-bass on the HPA-1, somewhat less than on the G109A. But the Yenona's are borderline "too-much-bass" to begin with.
I have concluded that the HPA-1, while having a sound signature that's perfect for me, doesn't really alter the sound of headphones to any great degree. It doesn't really make bright ones remarkably un-bright, or pump up the bass in any garish way. It also isn't as powerful as several of my other amps (the G109A & Burson Soloist have 2-4X its power), but this hasn't mattered at all with the headphones I've used.
All to say I really had to work to find headphones that didn't sound terrific on the HPA-1. And BTW, given the HPA-1's convenient gain adjustments, you could slightly change its sound by upping the gain. I never bothered, leaving mine at minimum gain setting because it matches so well to my other gear.
I'll bet the HD650s sound pretty good on an HPA-1...