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So, what is the difference in taste? Have you done a side by side? I'm curious, but then I don't hold alchohol content as the defining criteria for flavor. For instance, and this is just me, I definately like the Old Grand Dad 114 over the BiB 100. But, I like the Pappy Van Winkle Lot B at 90 over (but just by a hair) the 107 15 year. Of course, I like the ORVW 107 is better than the 90. Go figure...
Chaz, tastes vary and bottlings vary but, generically, I think the concept of desiring a higher proof has less to do with the amount of alcohol and more to do with how the addition of water to reduce the proof also dilutes the flavor components.