Newmanoc,
From my experience you are right on. It would be more reasonable to get a $300 650. It would allow some money for a cable upgrade also which would help give some more detail to the Senns. I use my Senn 600s with ASL MGhead (black plate tubes), and it has very good synergy. The RA-1 is a must for the RS-1.
But given that the 650 is so low in price compared to the RS-1 and a lot of people still will pay the money to move up to the RS-1, I think it's worth a listen at the very least. Whether you like the Grado house sound is a personal thing, which is why it's good to listen if you can. When I was shopping, I couldn't live without the more accurate Senns, and I couldn't live without the musical, toe tapping, Grados, so I bought them both and the appropriate amps for each and listen about 50/50, so I'm really a fense sitter, but if I had to give one up it would be the Senns.
Overhang,
How about looking into a Shure e4 and a portable amp from headroom? It would be easy to stick the whole setup in your pocket, and the sound is very good - on par with the headphones mentioned - minus the bigger soundstage.