As promised, I took pics last night while modding Kabeer's HP50s. Here is a guide on how to replicate my mod, with a slight difference at the end for the bassy versions. All pics are clickable to get the large size images.
1. Find the baffle clips
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The first thing you have to do is find the clips that keep the baffle locked in place. In the following pic I have inserted three pieces of paper in my HP3s to pinpoint the clips locations.
Finding them is pretty easy, and you don't have to destroy the pads to do so: use the above pic as reference; rotate the cup so it's in the middle of its range of motion; drag a small screwdriver along the baffle edge lightly pressing it down; when you don't feel the baffle resisting, press down slightly and cut the sticky tape with the screwdriver.
Edit: the single entry HP-50 variants have additional clips near the cable entry and exit points. An image of the baffle of an HP-50 is
here.
2. Remove the tape covering the baffle edge
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Now for the most boring part of the mod: the adhesive tape is slightly larger than the baffle, with the result of keeping it glued to the cup. Using the same small screwdriver, go along the baffle circumference and push the tape towards the center of the baffle so as to free it. Do it lightly, and push it only the minimum necessary. In the following pic you can see the partially liberated baffle on top, and the tape still glueing it to the cup on the bottom.
3. Remove the baffle
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You are now ready to open the phones. Do it gently, as you would not want to break the plastic, or worse letting the drivers fall down and break. Keep in mind they are not fixed to the baffle, so as soon as you open the cups they will fall out.
With the small screwdriver you used earlier, press the clips holding the baffle towards its centre, then apply some leverage to raise it. You might need to hold onto the pads to keep the baffle raised until you have unlocked all three clips. Once the baffle is raised, gently wiggle it until the bottom part (where the cable enters the cup) comes away free. Again, do it gently near a horizontal surface, with something soft beneath to catch the driver if it falls down.
4. Preparing the main damping layer
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Grab some thick felt, I used Smeggy's felt which as you can see is very thick.
Edit: for the bass-light versions (usually the HP-50 variants), keep the stock foams and use a light, dense felt in place of Smeggy's thick felt. An image of the damping layers for the bass-light versions is
here, keep in mind that the thick felt at the bottom of the pic is only used as a comparison against the damping scheme for bass-heavy versions (the one described below), and is not used for bass-light versions.
Place it flat on a table, place the cup on top of it, and draw a circle.
Cut the circle of felt on the inside of the line you just draw, as the cups are smaller inside than out. You might need to trim it a bit to make it fit, but don't trim too much as it's better to press its edges firmly to make it fit so it will stay snugly in place. Place the circle of felt in the earcup and mark the positions of the four supporting posts.
Remove the disc and cut out the four holes for the posts. In my HP3s I used a sharp xacto knife (remember, don't drag it on the felt but press it down with a lot of force to make small incisions, or it will take you all night to cut the holes), for the HP50s I used a hole puncher instead which is way faster.
5. Damp the earcups
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Grab a small fluffy ball of cotton wool and damp the cavity in the back of the earcups. I think you could also use bluetak though I don't like the sticky mess it makes. Don't use too much cotton wool, just enough so that the felt does not flex in the center.
Now insert the thick felt disc. Be careful that the cotton wool does not move. Press the disc edges firmly with your fingers so it does not move and stays reasonably flat. You should be able to clearly see the four posts lined up with the top surface of the felt disc.
6. Tuning
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If you are lucky enough to have one of the "bass heavy" variants like my HP3, add a thin disc of dense woolen felt on top of the thick one (edit: if you have a bass-light version, add one or more thin discs over the stock foam, which in turn goes over a thin layer that dampens the earcup vents). I cut a smaller disc, about the size of the SFI drivers (36mm) that mostly fills the space between the four posts. You can try changing the material and size of this disc to tune the sound of your headphones.
7. Close the phones
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Fit the baffle back by inserting it first at the bottom, where the cable and cable stopper are. You need some force to close it, and you should hear the clips snapping back in place. If they don't, push them gently towards the baffle edge with the small screwdriver, then try again.
8. Addendum
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The above was written before Kabeer and I developed our theory of "differential damping". It still works well as a starting point for bass heavy phones, but often you end up overdamping them slightly. What you need to do in that case -- and what you should also do for bass light HP3/HP50 using lighter felts -- is cut a hole in the disc right next to the driver, the one made of thin felt not the one made of thick felt damping the cups. Shaping the hole, making it larger or smaller, allows you to fine tune your damping.
As for cables, the old Yamaha cables often give a dark sound which does not help with the orthos' natural tendency of muting treble. The best "normal" (meaning not snake oil or expensive) cable we've found is Mogami mini quad: it increases detail and clarity and gives a slight treble boost, and will set you back only a few euros/dollars per phone.
Final words of advice: always use a pair of phones as reference, as it will be impossible to judge your changes to the damping scheme otherwise; always use natural fibers, synthetic felts modify the sound in unpleasant ways.