For decoding I use Winamp 2.80 with the built-in decoder, and CoolPlayer 2.05 which uses MAD, and listened on my Koss Porta Pro headphones (which I consider of very good sound quality).
I found the sound of the MAD decoder far superior to the Nullsoft FhG one! These are my observations:
* FhG produced some heavy basses. Sound was well rounded and pleasing, but muddy and unfaithful to the original. In contras, the MAD decoder basses were tight and slightly aggressive but very faithful to the original sound
* FhG mid range was over emphasised. It is especially easy to spot when listening to human voice, with both samples side by side: the FhG version sounds very poor and hardly recognisable when comparing with the MAD version.
* High frequencies were completely muffled by FhG. I could not believe the loss in details, especially when comparing with MAD.
In conclusion, I found the MAD sound very faithful to the original with a highly detailed sound. The FhG sound appeared heavily distorted and muffled next to it, as it some filters and equalisation had been applied. Indeed I had to check a few times if I had not any DSP filter or EQ turned on! The only advantage of FhG is due to the softness and loss of details, I would think it would cause less hear fatigue when listening through headphones; I know which one I would rather use though
Conclusion2: I have got ears
Quick awful pun: you would be mad not to use MAD!