Yeah this seems right. I think that’s also why there are efforts to do the perforated style or hybrid styles to get the best of both worlds for that. I was talk to Zach from ZMF at CanJam about this stuff and he mentioned that the Suede pads for his headphones also smooth out some of the treble peaks, so I can see that being the absence of reflective properties that would otherwise amplify certain resonances - probably not unlike ear-based gain factors.
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