Erik,
Buried on page 5 of the NC400 spec sheet is the figure relating to output coil inductance. Typically, 10uH. This equates to an output impedance of 1.25 Ohms at 20kHz and SIGNIFICANT phase shift within the audio band.
Page 8, graph 9.1 is particularly telling. -0.5dB @ 20kHz is nothing to write home about. It also suggests serious phase shift problems well down into the audible spectrum.
I remember seeing more info somewhere about this,but I did'nt save it.
This is related to the nc400 only but I did'nt stress about it too much I just continue to enjoy them.I do like my 600 m's more than the 400, but I'm using my nc400 right now.
I hope this points u in the right direction,I way spend some time later looking for more info.
Kenny.