Hello @IanT and thank you for your detailed input.
Here’s what I have found.
Signal chain from mic, to interface, to DAW is flawless whether I use either my Neumann TLM103 or Sennheiser MKH416 and my Sound Device MixPre-3. (So this answers the condenser/dynamic mic question: I only use condensers).
So this tells me that the culprit must be the DBX.
Now, question was to find out where in the signal processing.
My finding are as follows.
Test 1
DBX signal processing stages are quite easy to follow as they go from left to right when you look at the panel itself.
I turned everything off on the interface and activated the process bypass button to eliminate that variable for my first test. I plugged in the mic with no 48V phantom power and 0 dB gain trim as I always do to protect my gear. Then turned on phantom. Counted to 5… Slowly turned the gain trim knob to 45 dB, which is quite typical for any preamp I use with these 2 mics.
80Hz High Pass… OFF
Process Bypass… ON
Results: Asymptomatic
Conclusion: Problem does not occur when the signal is only going through the mic preamp portion of the DBX.
Test 2
Same mic, same setup.
80Hz High Pass… ON
Process Bypass… ON
Results: a tiny bit of fluctuating DC Offset
Conclusion: There is a bit of DC Offset occurring in the 80Hz bass rolloff circuitry.
Test 3
Same mic, same setup.
80Hz High Pass… OFF
Process Bypass… OFF
All other knobs in the signal chain… OFF or ZERO (Compressor, De-Esser, EQ, Expander/Gate)
Output Gain… CENTERED ON 0 dB
Results… Considerable fluctuating DC Offset.
Conclusion: Fluctuating DC Offset occurs in the process portion even if all the effects are turned off.
Test 4
Same tests as above 1-2-3 using different XLR cable (same brand and length https://digiflexcables.com/ which is a brand I like and trust).
Results: Asymptomatic no matter what combination of mic or DBX settings. (!!!)
Conclusion: Faulty XLR cable.
Overall Conclusion
Funny that a simple cable will react differently whether it is being used with a certain preamp with certain settings.
I have never experienced this particular problem before using this cable and the DBX processor… Interesting. Problem must have crept in over time.
Now, will it be worth my time and money to send in the cable and ask for a new one… Good question. Probably not.
Thanks for your help again!