Hi there ASR! Been loving the objective testing and reviews for a few months! It's so much more relevant for me than subjective, "audiophile" reviews, which are so idiosyncratic they amount to pure hype and placebo to drive sales of overpriced gear. This is a weird thread for my first comment but I have some thoughts to share.
Tl;Dr - equal loudness = perceived neutral sound sig ≠ neutral contour of speaker device' frequency response. No truly neutral target exists because no one precisely matches any averaged target derived from observation, and the curve changes shape with volume/gain.
en.m.wikipedia.org
To me it appears that the most neutral target(s) for speaker devices (headphones, loud speakers and iems) are perceived equal loudness contours, which are never used as reference tuning contours, because the bass and sub-bass increases in volume required for tuning to perceived equal loudness contours still exceeds the technical capabilities of speaker devices in terms of ability to produce undistorted bass and sub-bass. Basically, I define "neutral" as: the various tones from the whole audible frequency spectrum have equal loudness.
Look at the graphs for what this really means though ... in these equal loudness contours the sub-bass and bass has to be through the roof to be perceived as equal volume to mids at the threshold of hearing/audibility and throughout the gain/volume level all the way to the threshold of pain. Much, much more elevated bass and sub-bass response than any target contour actually being used! Past basshead territory it looks like to me.
I hypothesize that the Harman and other reference contours used to tune speaker devices today end up deviating from equal loudness contours, because they use end-user preferences, in addition to perceived equal loudness data and either humans don't prefer audible distortion, which likely exists at when actually tuning for equal loudness in bass and sub-bass, or we don't actually enjoy equal volume across the frequency spectrum ... I generally do myself, but I have observed that my preferences don't match most other people.
Furthermore, if you look at the graphs I've linked, equal loudness contours actually change shape as gain/total volume increases or decreases. The lower the volume, the greater the rise in treble, bass and sub-bass are required to achieve perceived equal volume. By contrast, the contour flattens as volume/gain increases. I experience this myself when reducing volume. I find that I need to boost treble, bass and sub-bass for them to be audibly equal volume to mids at lower gain/volume.
These contours are obviously extremely different for neutral or flat *source* contours. We want sources to have flat, extended frequency responses, generally, (aside from EQ) but due to many factors of human physiology, speaker devices tuned to that frequency contour do not come close to achieving perceived equal volume across the frequency spectrum, though they perform better at higher volumes because the perceived equal volume contours flatten with greater volume.
Personally, I'm also aware that sound of *only 80dB* causes permanent hearing loss after 8 hours of continuous exposure, and anything above that volume produces permanent hearing loss in less time. Therefore I listen to music as low-volume as I can make it, shooting for roughly average human speech volume of 65 dB or sometimes lower, while still getting perceived equal volume across the freq spectrum, so I require much more bass and sub-bass response than the Harman target, which already falls well short of equal perceived volume contours at higher volumes. Otherwise, I hear all or nearly all mids and treble. The only saving grace is that there's very little content/information in the bass, sub-bass and treble of virtually all music, so actual music doesn't strongly require equal loudness, though obviously some music really stretches that generality.
Personally, I've owned many iems objectively verified to be tuned to flat and neutral frequency contours on the advice of audiophiles and they do not produce anything close to perceived equal volume across the frequency spectrum. Sure, very little distortion, but that's because they are all mids and treble and avoid bass and sub-bass, where speaker devices are most challenged to be undistorted, and generally still fall very short.
Plus the shape of the contour depends on listening volumes, so an equal loudness contour at 65db, sounds too bassy at 80 dB, in my experience.
Finally, each person actually has different equal loudness contours due to real physiological and psychological differences, so even the best averaged and experimentally tested contours only represent a starting place and the only option for a person to achieve a personal equal volume (ie, "neutral") response from a sound system is to test the system, including speaker devices, at a desired listening volume and develop an EQ for that particular volume with that particular speaker device. The speaker device with the lowest bass distortion as shown through objective testing is probably the best place to start, especially if it's at Harman target or higher for bass and sub-bass without EQ.
Anyway, I appreciate that this community doesn't waste much time with the subjective lingo of most audiophile forums, because it's all nonsense to me.
I just want to know if the equipment in question produces intelligible, realistic, accurate sound reproduction at sufficiently close to equal loudness across the frequency spectrum *while operating at safe real-world volumes*, which I can derive with y'alls' objective testing, so thank you!
Btw, if you are listening to above 80db for long periods of time, you will find your own equal loudness contour changes as you develop increasing amounts of permanent hearing loss. Another hypothesis of mine related to this, is that since high frequency sound sensing is most easily damaged by loud sounds, this is why, as audiophiles age, they seem to universally prefer much higher treble response than other users and so their preferences are not similar to my own, nor younger people and others with less hearing damage. Just a hypothesis, but seems to be generally true.
Have a great day!!