The degree of compensation is directly related to whether a voice sounds like a voice, or a piano like a piano. Needless to say, there are records that no one knows what they're supposed to sound like, so it becomes a mere matter of getting the playback to where one likes it. To my mind, as explained further above, it seems perfectly valid to me if the latter is all you're expecting playback equipment to deliver. Not to me: I expect improvement, not in terms of what I like, but in terms of making a voice sound like a voice (believably human), and a piano like a piano (such as the Steinway on which I heard my sister practice on a regular basis). You can claim all day long that people can't agree on what sounds real and are only imagining things, but then I wonder, what and why we're discussing here at all? If better is only better according to your personal taste, logic would have it, your opinion must be meaningless to others. If the benchmark for "better" and "worse" were a moving target for each individual, why even bother makings claims on the superiority of the harmonic spectrum of one type of amplification over another etc. All this while, you were not saying one contributes to sound that is more natural whilst another more synthetic etc.? Weren't those your words? Note that is what I agree with: that we humans are most capable judging whether playback sounds more or less real. That we may not agree on matters of personal taste has nothing to do with it.
Greetings from Switzerland, David.