Will,
There's also I think more dynamic range and crispness with raw stereo.
Haven't noticed the difference in dynamic range, though it wouldn't surprise me as it does seem reasonable. And yes, the processing shaves off that last little bit of crispness and air from raw stereo playback. As I've said before though, I consider the loss of ultimate resolution negligible in light of what PL II processing brings to the listening experience.
PL II may be easier on the ears, to many people. But with slightly less resolution and crispness.
If you want the impression of getting that resolution back, try carefully raising the treble. Seriously. Someone told me to try it when I used to have a Lexicon MC-1; it's truly surprising how much a slight treble boost sounds like additional detail. Try it.
Best,
Sanjay
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