@jond
I came very close to buying an Audio Note( AN) prior to settling on the Yamamoto YDA-1 DAC. Back in 2010 Venus Hifi was the USA distrubutor for Yamamoto. He was a former AN dealer and loved their products but said they had so many models for every component in their line.He admired the AN DACs but he told me the at the time the relatively new Yamamoto was a legitimate sonic competitor up to the level of the AN 3 series (His words).
I trusted him as he used to provide AN components for 6 Moons reviews back then. So long story short I got the Yamamoto as it was considerably less expensive. He said I'd have no regrets. He was right about that, 12 years later and I enjoy it as much as I ever have. I am certain I'd had been every bit as happy with an AN DAC. He said musically and sonically the two DACs were cut from the same cloth. Jon, based on your ownership of both, I believe he was correct. Not identical, but very similar priorities of naturalness/tone/timbre/music flow/pace etc.
Charles