I believe there is one major sound quality component induced by the circle of confusion that can be fixed.....overall tonality.
There is zero question in my mind how much tonality varies across recordings.
Tonality often varies even across tracks on the same album/CD, as if either different studios were used, or tracks were mastered by different engineers.
By tonality, i mean at the simplest level, the overall slope of the frequency response curve away from flat.
I like to picture it as a see-saw, with the fulcrum placed at the center of the 10 octaves, so somewhere around 640Hz of so.
If i hear a track that is too bright on my system set to flat response, i think that means the track was mastered with in bass-heavy environment, where the recorded signal was brought down to sound flatter in that situation.
It's the opposite when bass sounds too heavy.....there wasn't enough when recorded, and the electrical signal juice was turned up.
Highs can have the same effect....it's deviation at the ends of the see-saw, that create the most tonal havoc. I think a lack of studio high end response can make for overly bright recordings too.
That's at the simplest level, when any deviation from flat response, any tilt in total tonality is all ascribed to excess of deficient bass, or highs,
and can be corrected with simple high and low shelving EQs.
Occasionally, i hear tracks (on a flat system) that have tonal imbalances in the more middle octaves.
My solution is a different form of playback EQ. I have a 5-way system that is tuned to flat mag and phase response. There is an overall volume control, as well as a volume control adjustment for each of the 5-ways. So almost like a 5 band parametric EQ, other than it's actual driver sections being controlled with no EQ spillover into adjacent bands.
(Astute readers / speaker builders are probably throwing their hands up now, saying 'but that changes acoustic xovers and messes up phase etc'. Lemme just say, not so for my system.)
Anyway, I literally remaster tracks on the go, able to adjust tonality at will. It's awesome to dial a track in just right at whatever SPL sounds best...really makes it come alive.
Most of the time, the sub level is all that needs adjusting, but often enough, the HF and VHF does too. The middle two-octave band almost never needs adjusting, and stays at 0 dB.
I can look at the adjustments made, up or down by band, and envision they represent the imbalance from flat in the mastering environment.
For example, if i need to boost the subs a lot, it means they were listening to a ton of subbage when mastering.
Should add, i listen to studio stuff, and the whole idea of high-fidelity doesn't make sense then, i think.
For me, voices, .....their naturalness, intelligibility, and how easily separable from each other, are my test for fidelity.
I guess my real point in this long winded post, is that imho, tonal imbalances in studio recordings is non debatable, and fixable
(and by means simpler than i go to
)