So I've had it in various formats over the years. Originally in the '82 issue Australian pressed LP (Vertigo 6359 109/4), slightly more recently on the original Australian CD (Vertigo 800 088-2), the 1996 remaster (annoyingly also 800 088-2, but copyright '96 rather than '82) and most recently on the Japanese SHM-SACD (UIGY-9637) which is generally well regarded by audiophiles.
I'll stick to the very first track, Telegraph Road. It's 14 minutes 20 of really good music.
Before I start, all my versions sound pretty good. Telegraph road is one of the most engaging, haunting pieces of music I know of, and they're all good copies. My LP and original release CD, though old, are very well loved and looked after. My SACD version is brand-new. I cannot tell whether the original CD or SACD is playing, and I honestly can only tell the LP because of the pops and crackles. I can tell the difference with the 1996 CD though - it's louder. I've always really enjoyed the LP. It's probably simply because of the tactile nature of the medium, and the way I sit down in a nice quiet room to listen on a reasonably good stereo, but it has character that I enjoy. But these are subjective evaluations, not objective ones. They deal with my emotions, which are coloured by handling the album in the format in which I first played it. And subjective evaluations are easy to fake.
To evaluate the various versions I first import them into my mac. For that I use a variety of different things, and they are different depending on the medium.
For the LP, I play the LP on a NAD-5120 turntable (one of the later ones with a more conventional tonearm), with Goldring Epic-II moving magnet cartridge at 2.0g force. I run it through the phono amp and preamp in one of my NAD3240PE integrated amplifiers (why yes, I do have a couple of these wonderfully temperamental beasts), then to a Roland FA-77 firewire ADC, then to my mac. I run the ADC at 44.1ksps, 24 bit. The turntable, cartridge, and amplifier, while nothing to write home about, are representative of the better quality but not esoteric kit that was available in the 1980s. It's not the gear that I listened to the album on as a teenager. My parent's HiFi was a Kenwood one (with graphic equaliser!) and I actually only listened to the LP the once, while recording it to tape at 7 1/2" per second on our Akai cross-field reel deck. I was a weird kid, and I'm a weird adult.
For the CDs, I simply rip using itunes on the mac and a CD drive. I save the file as 44.1ksps 16 bit PCM, uncompressed.
I have no way of directly transferring the DSD stream from the SACD, so I go via analogue. I use a Sony UBP-X700 4K blu-ray player (which plays SACD contant), to a NAD D1050 DAC, then to my Roland FA-66 ADC, then to the mac. As with the LP, I digitise at 44.1ksps, 24 bit.
Let's work our way through the copies in chronological order. First, the LP. I started this expecting to see a gradual improvement with better equipment, but in reality it's quite a lot more subtle than that.
The resulting audio reports the following dynamic range in the MAAT DR Offline Meter:
Dynamic Range: Left 12.52dB, Right 12.47dB
Peak: Left -0.70dB, Right -0.10dB
RMS: Left -17.87dB, Right -17.63dB
MAAT reports the DR as 12, which is generally accepted as very good. I've seen reports of 13 for this track on the original 1982 LP. I may be able to do better with a better cartridge and phono amp. Also I've done nothing yet to clean up the clicks and pops, which may be colouring the result a little.
So next the 1982 CD. I did nothing to the file. Just imported it into Audacity for viewing and ran it through the DR meter as-is.
MAAT DR Offline Meter reports the following:
Dynamic Range: Left 13.40dB, Right 13.09dB
Peak: Left -0.11dB, Right over
RMS: Left -17.95dB, Right -17.06dB
This is a better result than the LP, with close to a dB better dynamic range.
Now for the 1996 "remastered" CD:
Dynamic Range: Left 10.34dB, Right 9.89dB
Peak: Left -0.00dB, Right over
RMS: Left -14.31dB, Right -13.96dB
It's pretty obvious to see why this isn't a well-regarded mix. It's certainly subjectively louder than the originals, but that's because of judicious use of compression. Alas the '90's were awash with this sort of awful treatment of audio.
Finally we come to the "definitive" 2014 SACD:
MAAT DR Offline Meter reports the following:
Dynamic Range: Left 13.91dB, Right 13.68dB
Peak: Left -0.38dB, Right -0.00dB
RMS: Left -19.27dB, Right -18.50dB
I keep looking at the fiddling to the end of the instrumental passage. Could this simply be a cynical attempt to fudge the DR readings? Could the record industry really be that blatant?
What happens if I undo this? On a whim I applied a fade-out of 1.1dB from 11 minutes onwards (I actually added silence to 22 minutes, then selected the audio from 11 minutes to 22, and used the "studio fade out" effect in Audacity, then amplified back to -0.1dB peak:
Dynamic Range: Left 13.37dB, Right 13.18dB
Peak: Left -0.73dB, Right over
RMS: Left -18.55dB, Right -17.81dB
Which is very close (we're talking within 0.1dB) to the 1982 CD. Enough so that I'm wondering if perhaps this isn't the extent of the "remastering"?
So, what to say? In raw numbers, the SACD wins. But only, I feel, because they cheated. Discounting the cheat the 1982 CD is the winner.
So that's a "whole of track" view showing the really loud bits. One of the really engaging things about this track is the very quiet bits between passages. These don't affect the overall dynamic range figures terribly much, as they're derived by simply taking the difference of the whole-of-track RMS vs peak. If a quiet passage is a few seconds long, it won't have much impact on a 14 minute track. Sections of silence, or near silence, stretch the medium, and are a good indicator of a really good recording. CD should have an overall signal to noise ratio of 96dB, so we should be limited entirely by what the original (analogue) tapes could manage.
The bit I'm interested in comes immediately after the line "There's six lanes of traffic, three lanes moving slow" at about 5:10 into the track. It moves around a little on the various recordings due to small changes in speed, plus slightly varying start times. In any case, there's a very quiet passage, then some piano. Let's examine the second before the first piano note.
Again, we'll start with the LP:
The 1982 CD:
The 1996 CD:
Finally the SACD. I've gone with the version as recorded, with the slowly increasing gain at the end to fudge a better DR value:
Examining spectrograms of the quiet bit really throws the difference in noise levels among the different versions into sharp relief. First the LP: