It sounds from your post as though your pyrocat neg may be a bit under developed? Also keep in mind your printing times can change because differant developers develop differant base plus fog densities; I just did some testing with t-max developer and pyrocat, the pyrocat negs had a base fog around 0.08, t-max developer was around 0.2 (with Acros, TMX gave similar results), but that's with any two developers, not just pyrocat. Also make sure your technique isn't involved in the sharpness comparison, I've had it happen to me when comparing differant films/developers that I've had vibration issuses (didn't lock up the mirror) that at first I attributed to the film/developer.
I just started trying out Pyrocat HD, to see if, apart from price and toxicity, it had other advantages over my usual developers, PMK and HC-110. I exposed several rolls of 120 HP5 (EI 250) and developed with my standard method (10 sec. agitation every 30 secs.; Water; F-24 for 5 min). The first rolls were developed for 13 min. @ 22 C, last rolls for 20 min @ 22 C.
The last rolls are very sharp, although still lower contrast than PMK or HC-110. I also forgot to lock the mirror (I was taking some close-ups) and mistook camera shake for unsharpness. My last roll came out with crisp detail, but still lacking the contrast I´m used to.
I couldn´t find development times for 120 roll film, so my next test will be 25 min. @ 22 C.
BTW. I picked up a batch of "new and improved" HP5 Plus ??? Is this the same film in a new "plus" box, or is it different (as in the standard Tri-X vs. Tri-X Professional) ?