Sure it's 'low-fi' but the FR and smoothness are really great.
I've had a lingering suspicion that the Monitor 10-II is slow (or "lo-fi", as you put it) for a while, but the more I listen to it the less I am inclined to believe that.
The headphones just seem to sort of disappear; real instruments sound real and nothing bleeds into anything else, I don't
hear an attack speed, or a decay speed, I hear the instrument in a space around my head.
Additionally, the diaphragm in these is absolutely absurdly responsive; I can see it move when I gently blow into the earcups and I was able to move it with a piece of upholstery thread inserted into the baffle plate. My friend tried this with his AKG Q701 and nothing happened at all. The same is true for all of the DR-Z headphone drivers (especially the Z7).
When I feed it a dense track (Kite by Necro Facility), everything is just gloriously separated into its own space without any noise or B/S. But at the same time, when I feed it a really speedy track (Midnight Express by Extreme), the guitar notes sound sloppy, as if someone is trying to play the instrument too quickly and as a result is very inconsistent with his note duration, whereas the Z7 makes his playing sound fine.
Perhaps the Z7 has equally fast attack, but slower decay than the M10-II, causing instruments to sound fuller than they really are?
I don't know. Headphones are mysterious creatures.