Good review Paul, lots of information. I am currently working on my Series 5 review and agree that the tuning on the three are very similar. I was also curious and reached out to Penon and TFZ to see what the difference was between the three (especially the series 3 and 5). The response I got was that all of the earphones use a titanium diaphragm driver, but the Series 5 uses a thinner and more responsive diaphragm. When doing critical listening, I heard an almost identical tuning, but with better detail, definition and separation in the series 5. And yes @Hawaiibadboy you are probably going to really dig these. They are basshead audiophile all the way.
Headphone Reviews and Discussion - Head-Fi.org
Yeah, you got me interested