It sounds like you have your player set to play back in surround mode but are using a stereo system. It is also true SACD has more dynamic range than CD and will appear to be lower in volume.
Thanks for the suggestions Rwwear! I'll double check all settings, but mine is not a multi-channel player (Modwright Platinum Sig. Sony 999). As I said, no problems like this with any of the few other multi-layer CD's that I've played on it.
As far as the greater dynamic range making it occur lower in volume - I will put a sound meter on a few passages today to check if my perceptions are misleading as you suggest. I'd swear there is at least a 5db difference if not more. I would say, and I think I already have, that the SACD version is lacking in dynamics and impact, whereas the CD version is more immediate, dynamic and impactful (is that a word?) to me.
Marco