With all this talk, I had to check the new Diamond Bass Comp/Eq for myself. Ordered one, it arrived, and I've checked it out over the past few day with various gear configurations. A/B'd (directly side by side) against two other highly regarded compressors. So here's my review: it’s easy to use, does what it's supposed to do really well, and sounds very very good. Having never owned an older version of a Diamond bass comp, my review is based on this pedal's own merits. I still really like the other two compressors and I'm keeping them both, but what the Diamond did, in pretty much every configuration, I was happy with.
Just to clarify, I’m keeping the Diamond comp/eq, and it will my main compressor, big it more and more every day, but I’m also keeping the other two! ;-)