fwiw, i've not heard the 105 w/ modwright mods. but my modwright 5400 is a wonderful player, and i do not regret for one moment having bought it. its in a reference rig (if you'd call my rig reference-caliber).
that said, when i compared it to the K01 and the P02/D02 by esoteric (i reviewed the latter), they were handily better. sorry JWM, it wasn't close. while i'd have never traded the MW5400 for the X-series players, the K01& P/D02 esoteric players are amazing (i've not heard the K03 or lower). so lets not pretend the MW is the best out there; its just a remarkable performer for the $$, and tough to improve on without throwing in another $10k...
that said, when i compared it to the K01 and the P02/D02 by esoteric (i reviewed the latter), they were handily better. sorry JWM, it wasn't close. while i'd have never traded the MW5400 for the X-series players, the K01& P/D02 esoteric players are amazing (i've not heard the K03 or lower). so lets not pretend the MW is the best out there; its just a remarkable performer for the $$, and tough to improve on without throwing in another $10k...