Hey gang - thought I'd jump in with some official word from the Mozscape/Big Data team:
This latest index is smaller than prior ones, meaning we indexed fewer webpages total. However, the quality and importance of those pages in general is higher. In particular we've cut out a exceedingly large number of pages and subdomains on many Chinese sites that appeared to be biasing our crawl priorities and giving us some serious processing trouble.
DA, PA, and link metrics have maintained very similar correlations with Google rankings in this index, so if you've seen a large drop in either, it may be related to the removal of links that Google may not have been counting very highly. However, it's also possible that you've lost DA/PA from links that Google did count and Moz should be, too. As we regrow our index size in the next 2-3 updates, you may see a return of those scores. We do expect the next few indices to process much more quickly than the lag we experienced in the last few, and are watching indices very closely to make sure we're on the right track.
Also, with DA/PA drops, note that every index these occur, primarily because the sites and pages at the very top of the metrics scale (with PA/DA scores in the 99-100 range) are growing their link profiles massively, thus stretching what it means to have those incredibly high scores. If you had a DA of 90, and gained great links at the same rate you did last year, but many other DA 90+ sites were growing their link profiles even more rapidly (which tends to be how the web goes - the rich get richer, faster, every month), your DA would likely fall a few points even though you technically are still growing your link profile. DA/PA of 100 gets harder and harder to achieve every index because of the rate of growth of pages like Twitter.com, Google.com, and Facebook.com.