Reading Bart's (POSBWP555) first post of 6/20, wow ... CAT is sweet and musical, almost with any tube that you use. Even with Sovtek 6922, it is not awful. CAT circuit masks how bad that tube sounds, however. With other tubes, CAT will always remain more than listenable. In my opinion, the CAT is particularly excellent with the Tele/Tele combo, giving you sweet musicality AND excellent dynamics, but not dynamic slam like a solid-state powerhouse amp. Deepest bass, sweet, musical midrange, excellent, wide and deep soundstage, excellent dynamics, no upper midrange glare, almost no matter how hard you try to find recordings which are "hot" and it has very detailed highs. It shades a little to smoothness, richness, and musicality, as it is ever so slightly on the warmer side of neutral, possessing both the magic midrange AND the thunderous low end. It is definitely a tubed-based product with extension AND dynamics. Is it perfect? No. Is there anything better? Yes or probably, depending on your particular viewpoint. Are there any tube combo's which would work better? Yes or probably, depending on your tastes and associated equipment and room, etc.
At this point, I like the First Sound probably a little more than the CAT. Neither is perfect and, on a scale where 100 is perfection, neither comes close to my ears.
CAT is not as transparent, nor does it image as well, not having the equivalent resolution or separation of instruments, nor is it as quiet as the F.S., nor is it as dynamic when each is optimized tube-wise, but it does have a sweetness and smoothness, particularly in the mids and upper mids, that the F.S. will never have. The F.S. can be a little too much in the upper mids with the wrong recording. This is very difficult to do on the CAT.
If what I said doesn't hold true for the CAT Ultimate MK II -- remember I have a CAT Ultimate MK I -- then Ken Stevens broke something in doing that upgrade or your associated equipment or cables are the problem. I find it hard to believe that Ken Stevens, in trying to keep his product with the best available, suddenly screwed up to the degree you seem to indicate.
As far as CAT tube rolling is concerned, the CAT SL-1 Signature MK III and above, listen to the stock unit, then chuck the Sovtek 6922's. Replace them with any NOS 6DJ8, 6922 or 7308 that you can find. When you are satisfied, substitute the Telefunken 6922 in V6 and V7. Listen again. Replace the EI 12AX7 with any 12AX7 you would like to try in V8 and V9. Then try the Telefunken 12AX7. Listen again. I think that you will find that the Sovteks a must-replace, despite what Ken Stevens has said. The EI's are decent, but you will be able to find a better tube. After all that testing, if you find a set of tubes which you like better in the CAT than the Tele/Tele combination for what the CAT's strengths are, let me know! Send me an email, but please describe in detail WHY.