That’s a really thoughtful way of putting it. I agree that “smearing” often isn’t obvious until you have that direct A/B comparison with a cleaner source or higher-end gear. It’s like your ears get used to the presentation over time, and only when you hear the same track without the smear do you realize how much detail was missing.smearing is not an obvious malfunction to gear or a bad pressing, bad connection or bad power. at least as i consider it.
smearing (in higher end sorted systems) only is really evident in compare. almost impossible to know it's there until you hear it gone. smearing is when the media (or source gear ) misses the full event on the recording. it blunts it, or glosses over the info. might still be smooth and not obvious, until you hear it complete.
sure; in mediocre/modest systems there can be examples of obvious smear. for all sorts of reasons. does not mean the music is not enjoyable. what is interesting is how many long term track references in our auditory memory include smearing. it's startling to hear a long term known reference, 'right'.
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it can be as innocuous as when you compare a digital transfer to an analog source. on peaks many times on my amps it shows less peak watts from the transfer. yes, you hear it too, but the amps are only reporting the signal they receive. the digital blunts the peaks. that is smearing. the commonly used phrase......."smears the peaks".......it's missing the full information.
certainly there are a myriad of reasons for lower peak watts, could be a improper transfer or any number of things (level matching?). but none the less it's not news when it happens. it's typical. in my Wadax/MSB compare there were similar things, you only hear in direct compare.i suppose some speakers and amps smear peaks compared to other speakers and amps. it's logical that might happen. i've not personally heard that myself.
I’ve noticed the same thing with digital transfers vs. analog originals — the body and transient impact of peaks can get softened, and it shows up both subjectively and on the meters. It doesn’t always ruin the listening experience, but once you’ve heard a reference played “right,” it’s tough to go back.