Andrew, thanks for providing the link to the Stereomojo review. The reference to "S/PDIF via balanced XLR" in the review should most likely have said "S/PDIF encoded via balanced XLR." That would be consistent with what is said in the PWT manual, which also indicates that the XLR output is AES/EBU compatible (as stated in the excerpt you quoted). AES/EBU compatibility necessitates a nominal impedance of 110 ohms, and various other signal characteristics that differ from coaxial S/PDIF. AES/EBU and S/PDIF **encoding** is very similar, the difference being in certain control (non-data) bits. And surely the encoding that is used on the XLR output of the PWT would have been designed to be compatible with the AES/EBU inputs of consumer-oriented DACs.
Also, regarding the following comment that is stated in the review in support of I2S as being the best performing output...
Finally, to add clarification to my earlier comment about there being no coax to USB adapters that I am aware of: There are, of course, adapters that can provide many kinds of non-USB devices with a USB interface. However in all such cases that I am aware of those devices enable a non-USB peripheral to communicate with a computer’s USB "host controller," and would not enable a peripheral (i.e., a non-computer, lacking USB host controller functionality) to communicate with another peripheral, such as the USB interface on a DAC.
Good luck. Regards,
-- Al
Also, regarding the following comment that is stated in the review in support of I2S as being the best performing output...
The PWT uses an asynchronous clock that is completely divorced from pulling data off the optical disk when using I22 [sic]. Normal clocks float with the disk’s output and can introduce artifacts.... while I wouldn’t quite classify this as techno-gibberish, I’ll say that it is not particularly meaningful and shouldn’t be taken too seriously.
Finally, to add clarification to my earlier comment about there being no coax to USB adapters that I am aware of: There are, of course, adapters that can provide many kinds of non-USB devices with a USB interface. However in all such cases that I am aware of those devices enable a non-USB peripheral to communicate with a computer’s USB "host controller," and would not enable a peripheral (i.e., a non-computer, lacking USB host controller functionality) to communicate with another peripheral, such as the USB interface on a DAC.
Good luck. Regards,
-- Al