There is, IMO, one incontrivertable fact, that is:
A hearing test, with sinewaves, or square waves, or triangle waves, or music at a lot of discrete volumes, can be used to record your ability to hear it or not and at what volume and frequency and thus, yes, measurements can correlate with hearing...........but, what happens inside your head as far as how accurate that sound is, well, there ain't no correlation. As I have said also before, the stereo image depth, stage, etc., is what happens in your brain. Yes, you can design speakers or record tricks to get exaggerated soundstage etc, but each persons brain will react or reconstruct it a bit differently.
I am saying that there is nothing in audio electronics signals that can not be measured, and its just a matter of how complex (how many tones, waveforms, nulling of signals, blah blah) that you want to do to slice down the differences in how any single amplifying device passes the signal through.
And maybe, since our hearing is not as good as it once was, perhaps we just don't hear the things that irrated us as much (thinking of excess treble and irration for example in early cd recordings/players...if you can't hear past 8 khz those frequencies might as well be light waves since your apparatus can not hear it, and that can be proven by measurments.
My opinion, when folks argue that an amp with 0.00003 percent TOTAL harmonic distortion across the frequency band sounds sterile, well, they are used to a lot of coloration. No problem with that. I am the first to pronounce manipulating sound to ones satisfaction by whatever means pleases you.
Hearing as a physical measurable thing, we can do.......perception or preference are in the minds of the beholders...
I would also add that re-capping an amp will make it sound different than with the 20 year old caps, but some of those old caps "held on and re-released the signal" and thus can be considered more musical.........just something to chew on Mark.
Tom