Bass is the first obvious casualty, it tightens up becoming more impressive and somewhat hifi, the same is true of the rest of frequency range. Initially it sounds impressive and clean but after half an hour you'll notice that it's hifi and less musical, kind of like going from SET to a balanced SS system but probably not to that extent but still hifi. Of course there are many who like this type of sound. This is what you will hear in an tweak free unmolested system, I have no idea where you'll end up in a heavily tweaked one because in most of those cases you're chasing your tail compensating for other things.
david
That's interesting because I tried with and without my Torus partly because of your on-record advice and there was definitely no harm to musicality. It might be because I live in a complex with 500 other units though. My Zu/SET friend (213Cobra on this forum) tried your preferred Ching Chengs with and without his Panamax iso transformer and he, too, found the transformer beneficial. And like you, he's about as far away from a hifi sound lover as you'll meet with tone and musicality his 1a and 1b attributes.
I also tried my Ref 75SE in the Torus vs the wall and while 213Cobra thought it was cleaner, a reviewer friend and I could not tell a difference reliably. Hence, I've left the amp in the Torus (and I pull less than 3 amps from the wall anyways).
Most recently I compared an Audioquest power distributor to the Torus (so a big power strip) and the dealer and i both preferred the Torus distinctly which had a much more open, bigger sound. in fact, I went into the demo actually wanting to prefer the AQ, so no expectation bias.
I would agree with you that "sledgehammer bass" and those kind of comments on cords and conditioners are colorations and not neutral.
However, while I would love to dump the 60lb Torus and remove a box from my system (trust me, i hate cables and tweaks with a passion), my demos have proven the opposite in my multi-family dwelling.