I would leave transformer in place, stay with PCB etc. You already have a microphone which isn't bad. You can try tweak it.
Capsule is good option for the start. You can always build another microphone
With any variation of M7 - if it's similar to real M7 - you can have a problem with high mids. Original M7 have a bump in this region, so if the circuit or headbasket makes another bump this will add to eachother.
Few propositions for mod:
- C4 2uF
- C5 0.5uF (best would be MP type)
- C1 (i believe) connecting both diaphragms - try 10pF (or lover) some good quality cap - ceramic NP0/C0G or polystyrene.
From my tests with similar input arrangement lower capacitance - better sensitivity, also hi mid was better. With this some folks here wouldn't agree, but worth to try
It's only one cap.
-R1/R3 - you can try different value from 100M to 500M (both the same). R2 also could be lower.
- R5 - you can try to adjust cathode resistor - put potentiometer in place and make voice test changing the value. I would try 4.7k pot (linear)
- i would try to add capacitor across R5 it should be really audible change and maybe better sounding. You don't have to even solder a cap - testing microphone without pipe, you can simply put cap leads on the resistor leads. If you will change C4, i would start with cathode cap 3.3uF and possibly go higher if there would be lack of low end. If the small value would work good here, i would use film capacitor. If R5 would be higher then it's possible that lower capacitance will work good.
- R5/R6/R9 i would use good quality carbon resistors (not carbon composite) - Draloric LCA or old Beyschlag
- polarisation voltage adjustement could be also good option, but first i would try the rest of changes. You can always measure are the both polarisation voltages matched - after changing R5 can be different but overall can be
- if the new capsule wouldn't sound good in hi mid range and you will try the rest of the mods, the last thing could be removing internal mesh from headbasket.
If you will be intersted on mentioned mods i would start with the old capsule and see how it change the sound. With new capsule can be only better (if the hi mid problem will disapear).