@jwillox I took time to read the PS Audio article you linked, but didn't bother with the comments section. Much of this I already understood. It's almost a matter of taste. Some of us have the equipment and quiet environments to listen to recordings with lots of dynamic range, and can appreciate it, and sometimes prefer it. Others don't. Some prefer loud remastered versions of recordings, while others don't. Some prefer loud concerts, while others don't. Some prefer very dynamic recordings (balls to the wall compression and limiting), while others don't. It's all a matter of taste and preferences. I would never personally say that because a recording has lots of dynamic range, it lacks sonics or impact. That may be one person's perception, but it's definitely not mine.
This is one of the things I learned from being a Radio Broadcast Engineer; to overcome street noise (in vehicles where most of radio listening takes place), one must process radio broadcasting audio aggressively to maintain a consistent dynamic loud listening level (the exception is some jazz and classical radio stations). That's why I, when enjoying music at home, I prefer whatever the Mixing Engineer or Mastering Engineer has produced and recorded, without any added EQ, compression or limiting. Mixing and mastering audio is a craft and art, and I respect someone's artistic ability to use it, and be entertained by it. As I mentioned in another post; I tailor my home audio system(s) to try and replicate what the mixing and mastering engineers heard when they did their work. I'm not trying to replicate a live performance SPL setting at home. But hey, that's me, and I try not to put down what others are trying achieve.