Looking at the charging curves for NiMH cells on the V2 charger, it appears that it terminates on maximum voltage @ 1.53 V or something. This is indeed not a proper termination method for Ni-based cells, but works most of the time, with slight undercharging. One should be careful with new HSD cells, that hasn't been properly formed. It happens, especially at lower currents that such cells peak at lower voltages (around and even lower than 1.50 V), that may lead to dangerous overcharging.