I understand 120 format has a film clear base, which isn't true for 35mm (except specific ones like Rollei, etc). That's why I'm curious on how 35mm reversed BW film look to the naked eye. I feel like that's the best way to judge this reversal process without a densitometer as scanned photos are either auto white balanced or level corrected.
They'll probably look OK - they will look a little greyer if viewed alongside a clear base film, but not as much as you might assume from viewing a negative of the same emulsion developed in a solvent developer. The choice of clear base will have likely been for the simple reason of making the transparencies look as good as possible when viewed alongside E-6 transparencies on a light table - BW cinema reversal stock is on a grey tricaetate base - the eye adapts surprisingly well if it has no other reference.
I also have significant issues with your experimental design - Microphen is a poor choice because of its lower activity (great for making nice negs) and built-in mild solvency. What you really need is a highly active, low fog developer to slam development to completion as efficiently as possible, to which you add just enough solvent and/ or accelerator to ensure that developer can access all the silver very quickly - as your first development time goes up (in reversal) Dmax drops due to fog, and if you cannot access and develop all the silver, your Dmin rises too.
This what DR5 says about
TMax 400:
" Do
not shoot this film at its factory speed for dr5! The quality is substandard at iso higher than 200. The normal iso for this film in dr5 is
125iso. TMAX400 can not be run at 400."
DR5 doesn't use halide solvent.
I recall reading that Kodak D11 was what Mr Wood claimed was a good choice for reversal FD. It has 75 g/l of sulphite which is not far off that of many developers that would be considered mildly 'solvent'. The problem may be that there is a disconnect between the necessary developer activity and solvency/ silver access in films that have much tighter grain structures than HP5. Sulphite, while a silver solvent, is slow working in comparison to various other additives for solvency/ acceleration. Essentially what he's admitting is that his system cannot access the silver fast enough to develop it before overall fog grows to a level that kills Dmax. That level of sulphite may also be enough to effectively act as a monobath with extended developing times on some document films, wrecking their chances of giving a good reversal.