The nose continues with spice and chili pepper, rounded out with a slight floral honey. I think I get a little tiny bit of plastic or test-tube, but that could simply be my mind playing tricks on me. Unadulterated, the taste is spicy with some tannic, nut-like qualities. The finish is fiery and long. A very pleasant drink without water, though. One could leave it alone as is.
With water, the whisky calms down a bit more and the grainy, biscuity-ness comes out (reminds me of the Glengoyne 17 year old, actually, but that may be because I recently finished off a bottle of that). Otherwise I get spring flowers and not much else. The nose has become muted, even with just a smudge of water. The taste is less fiery now, more rounded, but still quite spicy on the finish and definitely long-lasting. All-in-all, an accomplished whisky, but I think a cask-strength bottling is your better bet if you can find one.