Jon can explain better than I can, but I'll give my limited knowledge. I'm not sure about the retrofitting you're talking about, but it's my understanding that the design of the Schoeps capsules spec polarization voltage is 60V. That's what the CMC bodies provide. It's not modded to that value. Perhaps you're referring to other mics and not Schoeps? As Jon mentioned earlier, the CMRs that Schoeps sells provide a lower polarization voltage of 40V. Schoeps' official position on the effect of the lower voltage is that capsule response is not affected, but sensitivity is affected. Therefore, with a lower polarization voltage, you might need to turn your preamp up by a few db to maintain the same levels, otherwise there is no change. Again, this is Schoeps official position...I have no idea what others' independent opinions and/or independent bench testing shows.
Regarding the preamps sound...I found the sound characteristics of the VMS5u to be basically identical to the VMS52UB, VMS32UB, and VMS02IB. Yes, it's a very transparent preamp. It is very detailed, yet very balanced. It's not overly bottom ended, but not overly top ended. I find the presentation to be fairly aggressive and 'in your face' without being harsh or grating...and as opposed to preamps I've heard that are laid back and 'soft' with a smoother rounder sound. I like the flavor because I can pick out the detail in my recordings, which for the type of music I listen to is defined by being able to hear the string vibrations within the notes of the bass guitar. At the opposite end are preamps that that are less defined, where those same notes are very bassy and warm, but the note isn't so defined that you can necessarily hear what's happening inside of the note. These preamps might be more for the bass-heads and might be more for recordings to shake the walls.