This is based on what I heard from an owner and research I did at the time. I read long forum threads from Lamm fans that discussed how the subsequent versions didn’t sound as good. Some more knowledgeable than me could probably shed more light in the situation.
My guess is that a part supply problem forced the later versions but of course that’s just a guess.
Thanks for the follow-up, Ian. There certainly were parts changes across the three versions. My sense is that Vladimir would not make a change unless he believed it was a change for the better. Of course people's take on sonics are their own.
Here's my understanding:
The original ML2 came out in 1999.
The ML2.1 update (circa 2004) included a modified custom built transformer (probably Plitron), a higher quality PVC board, and an upgraded power transformer to accommodate 230V.
A perhaps more significant change came to the ML2.2 version (2012). It too included a new PVC board, a new power transformer and 3 additional chokes in the power supply. The biggest change was modification to use the input stage from Lamm's top-of-the-line ML3 Signature. You might find it interesting that R.Harley reviewed the ML2.2 with the Magico Q7!
All three iterations of the ML2 use the same tube set.