Abikerlad:
The following is the 'Goldfinger' Audio mod found on the 'DeepSouthRadioForum'. You might want to compare the schematic of the Cobra 148/2000/Grant XL to your Madison. Provided that it is a 8719 PLL chip, it should be similar or the same as a Madison with the same PLL. Look at the Balanced Modulator and receiver parts of those schematics.
I used this mod on an old Uniden/President Grant mobile radio and it worked very well. The schematic was different from the Cobra 148/2000/Grant XL; but all of the same parts were there and just had different numbers. Don't do this if you aren't handy with a soldering iron or can fix the radio if you have to. Take accurate notes so that you have a trail of breadcrumbs to follow if you get lost or screw up. Or just try the cap changes for the higher tones; that means only a few cap changes. But do it all at your own risk!
Did you try using a 2-way external speaker from an old computer sound system - first? They usually have the correct plug you need on them as well.
That works wonders on many radios too . . .
Cobra 148/2000/Grant XL
TX
C46 Change to 2.2uf mylar/polyester film or non-polarized electrolytic
C101 Change to 1.5uf tantalum 16 to 50 volt
C102 Change to a 910pf ceramic disc
C104 Change to 2.2uf tantalum 16 to 50 volt
C108 Change to 1uf to 2.2 uf tantalum 16 to 50 volt
I found that if you have a very deep voice start with 1uf on C108
and work up if need be.
If you need more highs on tx Change C 105 to .001 to .0001uf mylar/polyester film The smaller you go the more highs you get.
RX
C71 Change to 1uf mylar/polyester film or non-polarized electrolytic
C75 Change to .001 to .0001uf this will give you more highs on rx
optional
C76 Change to 2.2uf mylar/polyester film or non-polarized electrolytic
C182 Change to .001 to .0001 for more highs on rx and tx
optional
C183 Change to 2.2uf mylar/polyester film or non-polarized electrolytic
C187 Change to 2.2uf mylar/polyester film or non-polarized electrolytic
With C75 and C182 you can start with no Change to them, then if you feel you want more highs then change them out