I can't make it short but I'll try a different approach.
TLDR : think about listeners' preferences and EQ profiles. Why would they change for headphones for which we know that the listeners will have a reasonably consistent experience between them and between fixtures and humans, just because we'd use another test fixture to measure these headphones with ?
The longer version :
I'll still use the data from the HBK conference as it's convenient.
Forget about targets and the 5128 for now. Let's imagine you have a listening panel, give them a pair of HD800, and ask them to EQ them until they sound good to them.
Now, this is fictional as it can't really happen in practice with this method, but let's imagine that the EQ they, on average, come up with, is this (in that example it brings the HD800 - still using the HBK conference data ! - to Harman. It could be any other result for the argument's sake - it's just that the whole point of Harman's years of research is that it's quite a safe bet that it would be close to Harman) :
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This EQ profile is what this listening panel preferred. logically, these people's preferences, for the HD800, wouldn't suddenly, for some strange reason, change right after this pair has been measured on a 5128 afterwards, would it ? So, in a certain way, the target they'd preferred, when using a 5128, is basically how these HD800 + the EQ profile would measure on a 5128. That's it
.
The question you'd then have is : but wait, that will only work for the HD800 ! And you'd be right for high frequencies for certain.
The good news is that quite a few large, open over-ears not only are quite consistent across individuals, but also tend to produce a fairly similar difference between test equipments and between test equipments and real humans, clearly so up to 1kHz, and if you accept quite larger tolerances, generally so up to a few kHz. This is the lovely aspect of headphone designs that are insensitive to coupling issues.
This is quite evident with the HBK's conference data where the HD650, HD800 and Utopia produced a similar difference :
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In this data set I believe that there are only four large, open over-ears. The K701, interestingly, doesn't behave like the others. I've never seen for these the sort of tests I like to see performed to get an idea whether a pair of headphones is more or less sensitive to coupling issues, for now that remains unexplained to me, even more so when we know that it performs consistently across individuals.
You'll also see the same trend from Rtings' data when they compared their own HMS with the 5128 :
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I've also highlighted some open over-ears that don't follow that trend as an illustration that this isn't because it's large and sold as "open" that they'll systematically align well.
Generally the story is the same in other comparative scenarios (rig to human, different pinnae, etc.) : not all but most large, open over-ears tend to produce the same difference up to 1kHz, and tend to follow the average trend line reasonably well up to a few kHz if you allow for more inexactitudes. More specifically I'd single out some of Sennheiser's open over-ears, Focal's open headphones, and some of Hifiman's planars.
This would even more so be the case if you throw headphones with a (effective !) feedback mechanism in the mix, such as the AirPods Max, which show very little difference in the range where the feedback operates between 711 and 5128 measurements :
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In all three examples, the HBK conference, Rtings, or the AirPods Max, you can notice that below 1kHz the difference between the fixtures, using only coupling insensitive headphones, is either flat or a very small tilt. If you want to translate the Harman target to the 5128 in that range, then it's just, well, actually, somewhat "trivial", using a term that's already been thrown into that thread : the resulting 5218 target shouldn't deviate from the 711 target by more than a dB at worst, in the form of a tilt, if not stay nearly the same.
Coming up with any other target in that range would logically mean that the preferred EQ for coupling insensitive headphones would have to change, which would mean that the aforementioned listening panel would have suddenly changed their mind. That's quite unlikely.
So this is why I believe that, for certain up to 1kHz, and we can extend that up to a few kHz if we allow for larger tolerances, if we want to rely on Harman's listening tests to jump start what a target for the 5128 should look like, we need to make sure that the EQ profiles that would be necessary to bring coupling insensitive headphones to a preliminary 5128 target would be a decent match for what listening panels would come up with to EQ coupling insensitive headphones to their preference. Which, for now, is safer to bet will look like the Harman target on 711 rigs, at least until additional listening tests are performed.
Still using the example that this listening panel's preferred EQ would just happen to coincide with what is necessary to bring the HD800 to Harman, then you can see how, comparing this preferred EQ to the delta between the HD800, measured on a 5128, and the three targets I used earlier, it illustrates that for two of these (HP.com and Harman's own HBK 5128 target), the EQ required to bring the HD800 in line with the target would necessarily imply a change in preferences. LMG's target, despite not originating from simple examination of the difference between 5128 and 711 fixtures, requires less adjustments for coupling insensitive headphones.
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Regardless of my own personal preferences, which aren't anyway that different from what I believe the Harman target is meant to sound like, this is why I think that below 1kHz, as a preliminary 5128 target, LMG's might be the one I'd feel more comfortable about for now.