What I took from this is that in the impact of mics on tone, it is 98-99 percent the capsule that makes the difference. So long as the signal/noise ratio is good - which is a thing Jim Lill does not cover in the video - then it really is all about the capsule.
And capsules do have radically different sounds, and are radically different in interesting and useful ways. And some distort on certain sources, while others avoid distortion on those sources. And also, it looks like a surprising amount of the ways that mic capsules are different can be approximated with EQ, especially with an EQ plugin in a DAW.
So my Line Audio CM4, which I have always thought of as really surprisingly good for the price, is probably, actually, just as good in any real sense as, say, some $1000 Schoeps capsule. Actually, if I look at a Schoeps Mk4 capsule and a Line Audio CM4, and compare the frequency response charts, the only difference I see is about a -1dB roll off above 10k Hz on the CM4.
It’s really nice to see that someone else has compared a whole lot of microphones, and presented the results, and that I can hear the difference between the capsules, but not between the downstream ‘stuff’, and I certainly can’t hear the difference between a $10,000 tube mic and a $500 MicParts kit.