The FLAC version sounded too dull to me, even when level matched. It just lacked the energy the client originally wanted. It also lacked somewhat in the stereo imaging realm. Seemed to have slightly more apparent depth though due to the increased dynamic range. Huge Dynamic range, unfortunately is not always commercially viable, so for hi-fi listeners only looking for that more dynamic sound: yes more dynamic range and no limiter. For general or casual listeners though , loud is good, its what they seek.