There is a lot of black and white in this, and also a lot of grey.
When I am so adamant that I say that I prefer my 40-year-old B&O system to a new digital system, well, that's he grey speaking. But to get to that stage, there was a lot of black-and-white involved.
To restore that 40 year-old system, there was a lot of methodical and measureable research involved. That research had nothing to do with - "let's try this part, and see how it sounds". No, that would not have satisfied me. I wanted the most accurate reproduction of sound that that EXISTING 40 year-old design would give me. Why, because I believe that B&O's 40 year-old design was the best design of its time, a design that has proven itself to hold up over time.
So, I set up a representative power supply on a breadboard, with lots of sockets, all connected to my most trustworthy measuring equipment - my fully restored Tektronix 2465B (also all analog) and started inserting many different types of capacitors to determine their effect on the quality of the power-rail signal. I can assure you all that there is a measurable black-and-white difference between one or other capacitor of equal values.
At the end of this black-and-white test, my choice of capacitor for the power-rail path was quite clear. There is no competition for the Nichicon HE and Panasonic FM, with the Panasonic EB a close second.
And those are the power-rail capacitors I use in all my restorations. That was an easy black-and-white decision.
In spite of that, I still see "garbage" capacitors being used in many high-end equipment today, which gives me the impression that their designers either don't care, or their recommendations were shot down by the bean-counters. Which further reduces what little respect I may have had for those companies.
Choosing an audio-signal path capacitor is much more difficult - it's very much a grey, subjective area. Here, I rely very much on recommendations and on my own grey, subjective listening tests. And, believe it or not, I'm not fully convinced that boutique audio capacitors really, really make a difference! But again, my ears are over 50 years old, and influenced by over 20 years of jet-engine noise, so maybe there is a difference which I can't hear.
However, once again, I am absolutely disgusted when I open up a multi-thousand pound machine and I see a no-name Chinese capacitor of a single series in every capacitor position (both power and audio-signal).
It is as if the company is blurting out to the customer without shame - "You see Mr Customer, we know you don't know sh-t - we use garbage, and we are still able to con you into buying our product." And that attitude is more prevalent with today's digital age, than ever before in the history of sound equipment.
And, BTW, I'm not impressed when I see plain-Jane Samwha capacitors all over B&O's new equipment. There's enough profit margin in each machine to do a lot, lot better, and get a more reliable and better sounding product to boot.
I'd like to see, just once, a manufacturer ad opening up the cover to full and unrestricted criticism, and inviting the customer to ask questions, and actually responding honestly.
Now that would be a company I could respect, and I'd bet the sales figures would reflect that respect as well.
So, grey, and black-and-white - they both have a place. At the end of the day, what really counts is what the manufacturer chooses to do with the information he has acquired thorough painstaking research, if he cared enough to bother to do any research at all.
Menahem