My experience with the SR Black fuses is similar to those of nonoise with his fuses. I listened to the fuses placed in one direction and then reversed this direction. Without fail there’s an undeniable change in the sound, not necessarily good vs bad, but "different ". One direction was very clear and "locked in ", the other had an "out of phase " character.
This contrast was heard with my DAC, Line Stage and amplifier. A good friend of mine had the same results in his system with completely different components. He and I heard this with SR and his Audio Horizon fuses. The bottom line was consistent differences in sonic character based on fuse direction.
I am unable to provide a satisfying technical explanation ànd won’t make àn attempt to do so. Al, Ralph and others make strong and compelling arguments why fuses "shouldn’t" behave in a directional manner. I respect their opinions very much. At the end of the day I simply listen and report what I have heard with or without a satisfactory technical explanation to accompany it.
Why do I hear a difference? I don’t know.
Do I hear a difference based on fuse direction placement? Unequivocally yes. As with all things involving audio YMMV 😊.
Charles