I haven't had time today to perform the additional listening, but so far I find the difference with the regen in circuit is so small that I don't know if I am imagining it.
If there is a difference I think I heard on certain tracks what came across as a tiny reduction in sibilance, but that's about it. Nothing significant. To put it into context, the Mdac filters make much bigger differences.
I need to do some more listening, blind too to see if I am imagining it.
Before you put your Regen on eBay or whatever, I have a couple of comments/suggestions.
1) So far you and I are more or less in agreement. The difference of Regen + SMPS "nothing significant" (you) or "slight improvement" (me) could easily be system dependent, and I only dared post my "small improvement" because I could get it confirmed by somebody else.
2) I get a spectacular improvement when powering my two cascaded Regens from a Paul Hynes 12v supply. These supplies are not cheap, and last time I heard they didn't arrive quickly, so I would not push anyone to go this particular way without finding a way to try things first, so
3) Over at CA people have started trying battery supplies and are reporting good results. Just as a cheap and nasty, I rigged up a 9v PP3 to power mine. Last night when I replaced the PH with the battery I thought "Oh dear", or something similar. No, a cheapo 9v with clip contacts, no capacitor and low quality wire does not sound anything like as good as the PH.
However, I had forgotten what the SMPS sounds like- we get very quickly used to improvements. This morning I found it and put it back in. There are a lot of possible experiments, but I tried the simplest, leaving the first Green Regen powered with 12v and SMPS to the Amber which plugs into the MDAC.
It wasn't a bad sound, "warm glow" perhaps sums it up, instruments there but ever so slightly out of focus, and top subdued. I guess that's what I used to think was OK- now it might be good for dozing in an armchair, when, on some recordings at least, I am now used to an 'edge of the chair' feel.
Now put in the battery on the Amber, and the "glow" disappears and the focus is returning; we might be as much as half way back to the PH linear supply. One new PP3 should give a few hours running- I deliberately used a partly run-down one, and yes the voltage drifts down, but the Regen carries on working over a pretty wide range.
I would recommend this cheap trick to anybody who is initially disappointed by the Regen, not of course as a permanent solution unless you fancy recharging, but as a way to get an idea of what might be possible, not to say a hint of what Detoxing might do.