I'm currently having another round of mods performed by Reference Audio Mods on my HCA-2 and will report back soon if possible. I've moved into smaller quarters and my listening room is so compromised I'm not sure I can make valid observations, but I'll report anything that I can on this subject.
It's been a while since I spoke with Kyle, who is doing the work at RAM, but I believe he's upgrading the digital power supply and some of the other more cost-effective mods that are remaining (I've done the easy ones already).
I just happened to stop by and was surprised to see this thread was still going. In reading the recent comments, I can find some truth in most of them. Certainly the stock components are far from optimial, and they are such an impediment to getting the most out of this amp that I can't comment on Sean's comments relating to inherent design deficiencies. They may in fact be there, but with so many other things getting in the way first, I don't feel like I've eliminated enough varialbes to say now I can evaluate the design. I'm hoping any design shortcomings will be more apparent when everything else has been upgraded. Until that time, the cheap caps, ringing power supply etc, make it hard to evaluate what's really inherent in the design itself. Of course, some of that is the design, so I'm not pretending it isn't.
I've posted a lot about this in the past but will say again- in stock trim, it's a heck of a deal at the price. However, IMHO, there's no way it's a Class A product stock (for those of you that care about those ratings, and even for those that don't). The important thing is that the mods I've made have resulted in such an overall improvement that I now thoroughly enjoy listneing to it, and as a result, don't spend much time anymore thinking about whether it's a Class A or not.
I'll report back anything I can when I pick up the HCA-2 with the latest upgrades.