I recently attended a couple of instructional tasting classes, both presented by Regis "Whisky-Mad" Lemaitre who taught us how to properly taste single malts and how the whisky flavours can change dramatically by adding a single drop of spring water. It was really a watershed moment for me, as I have been experimenting with different amounts of water over the years and never found much point in it. The point being that any MORE than about one drop just dilutes the dram, covering up the rather spectacular change that happens with that one drop.
It was explained that whiskies were bottled at about 40-46% ABV because that level of alcohol protects the delicate oils and esters from oxidation in the bottle. Apparently the distillers, who would like their product to stretch as far as possible, tried to reduce the concentration to 35% but the regulatory authorities in Scotland stepped in and stopped it. Bottling at "cask strength" preserves even more of the flavours and preserves them longer. For this reason, it may be wise to add 2 or even 3 DROPS of water to high ABV whisky to assist in that initial release of flavours.
Try it yourself.
Pour two seperate small portions of your favorite whisky-perhaps an ounce or so.
Taste one of the portions by cupping a small sip in the center of the tongue for a few seconds, then swallowing, breathing and noticing the flavours that you detect on the tip, sides and back of the tongue and around your mouth. If you don't breath, you miss a lot of the nuances.
Add one drop of water to the other portion of whiskey (Regis used a small straw to hold a couple of drops and he put one drop in each of our glasses) and repeat the taste test. Out of about 20-odd tasters in the room there was not one of us who was not blown away by the difference in the flavours and aromas of the whisky.
We repeated this comparison several times with a nice selection of whiskies and confirmed the effect. I immediately went back to the venue (Spirit of Toronto) and re-tasted a number of regular strengh and cask strenght malts using the one drop technique and was forced to update my tasting notes, especially with the higher ABV malts.