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the "H" was louder.
Maybe not.
Depends on the input it goes to.
Say the basic mike is 150 Ohms. To get a 25K output it has a step-up transformer in it.
Same as the step-up always found on the input of a modern tube preamp designed for low-impedance mikes.
Square-root of 25K/150 is 13, so it is a 1:13 step-up transformer.
Do you know your Voltage Dividers?
There's Mike impedance and Input impedance. Draw your two resistors, try the different values for each, figure out how much signal gets through.
When the 25K side is plugged into a 1Meg grid resistor, 97% (1,000,000/1,025,000) of the signal hits the grid.
But if plugged into a 2K input (typical of modern low-Z mike inputs) we get 2,000/27,000 or 0.074 or 7.4% of the stepped-up signal. The loss is about 13:1. Nominally the output is the same in L or H. (In fact I suspect frequency response will suck on H because the transformer is designed for open grid, not 2K.)
If plugged onto a 600 Ohm input (now unfashionable but there's a few around), the H position gives 600/25,600 or 2.3% of the un-loaded H position. Since this is 1:13 step-up from the 150 Ohm output, output is 30%, compared to the L position which gives 600/750 or 80% of the un-loaded L position.
So now H is softer.
Another point, mentioned by Lothar, actually shown in the
data sheet. 100 feet of cable on this 25K output is like turning your Treble knob right down. (Which confirms that the "25K" rating is correct; use 30pFd/ft and do the R-C math.) The L connection can drive 166 times as much cable for the same treble loss, or 16 times as much for "no" treble loss (allowing for these mikes not doing 20KHz well). Even at 20 feet you want to use the L setting if you want full 10KHz response.
Why both L and H?
Many microphone types have been used in PA. Carbon mikes first, which need a special transformer and a fat little bias supply. Then hi-class work used condensers with a 3-stage amp in/near the mike, simple mixer connection. Ribbons, which had to have a transfo at the capsule. Dynamics which are naturally ~~~10 Ohms but learned to drive as 37 Ohms to 600 Ohms. Note that none of these simply connect to a tube grid (as they ultimately must). And then there was a fad for Crystal mikes which "can" connect directly to a grid. In fact the lack of transformers and head-amps made crystal mikes THE way to go for some years, even though they are fragile and either modest output or crappy sounding.
Given all the different types of mikes used 1930s-1950s, many mixer makers opted to just give you the tube grid and let YOU figure out any transformer needed.
Even after extreme impedances faded from the market, there's a big cost-savings by not installing transformers "standard". You see 1950s-1970s PA mixers with transformer sockets. And if you need the big 4-in amp for power but only need one podium mike, the buyer saves money by only buying and stuffing one optional transformer.
So E-V was just covering their market.
This mike's "L" output is not enough voltage to drive a tube grid well. However you may already have a transformer.
With the 1:13 step-up and a hi-Z load, this mike works great into tube grid without added transformer (unless the line is long enough to trim your highs).