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By the way, this is important and I kept forgetting to put it in
*************** ***************The trick is for NiMH only!
Do NOT attempt the paper clip trick with LiIon battery. Doing that could give you a very very unpleasant afternoon - not just that day but there after.
Shorting a good LiIon with a bad/damage LiIon can easily cause major problems!
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Now back to the conversation:
As i noted in the OP, in the old Lenmar charger, I can successfully re-charge the batts. that faulted in the Maha chargers. Using those charged batts in devices yields fairly normal results (maybe a bit on the low side).
I question the quality and design of Maha products.
Fact that dumb charger is able to charge battery do not mean that both Maha chargers are faulty 
As you do not tell measured capacity just "fairly normal results" which could be as low as 100mAh. For 2A pulse Maha Powerex charger my estimate is that you need at least 0.5AH battery for charger to not refuse it with "too high voltage" (meaning high impedance) claim. Before continuing to blame Maha (Powerex) charger, you really shall cycle/test batteries and measure their real capacity. When Maha charger refuses to accept battery - take your time and measure it's voltage using multimeter.
First, As said already, battery with low voltage is damaged battery so you cannot expect it to be "normal."
After a test with the paper-clip trick on the C204, the charge did conclude (green light) ... but both batts. were too hot to touch. This is not normal.
Hot NiMh's in the end of fast charge is completely normal.
Batteries too hot to touch at the end or charging is not normal. It is a sign of bad batteries or bad charger. If you have a "fast" charger that regularly does this it should not be used.
At the end of charging batteries should be mildly warm at best, certainly not hot.
For safe, moderate charging of Eneloops I recommend you to check out Panasonic chargers, for example the BQ-CC17. Or if you have a C9000 use that, but keep the charge rate at 1000 mA for AA batteries (use 400 mA for AAA).
Second, I am not sure it s fair to blame the Maha charger on it getting hot. Recall one has to trick the Maha to charge a rejected battery that it doesn't think it should charge - so, one cannot trick it to start then blame it for not doing it right.
No doubt Maha could have designed a much better charger. In practice, they really can't do that without making it exceedingly complex and/or expensive. Imagine having to look up the battery spec to set "termination voltage", "termination temperature", etc. etc. So they have to make trade off decisions. If the Maha is meeting it's own specs, that all we can ask for.
(
13mh13, below is mostly for you) Since you did the tricking of the Maha to start so you can try to "rescue" a damaged battery, you should
expect things wont be normal and extra precaution has to be taken. I don't do as much safety measure with NiMH as I do with LiIon, but if/when it reached "too hot to HOLD" (which would be cooler than "too hot to TOUCH"), I would be very cautious. Likelihood is, if it is that hot, the battery is probably too close to death to be worth using.
Take note on the end-charge temperature, take note on other clues. Remember you ARE the Emergency Room trying to "bring it back from the dead". You "got the heart beating" by using a paper clip. Now don't send the patient out the door right the way to drive home by himself as if all is well and normal.
I don't think you necessarily need a lot of tools. You do need the a way to measure charge temperature, charge voltage, the charge time, and the actual "fully recharged" capacity. Those will be like the blood pressure, heart rate, and temperature of your patient in the ER. The ER wont let you leave without looking carefully at your "pre-exit" vital signs. You shouldn't put your battery into circulation (treat as normal) until you scrutinize the battery's vital's.