A lot has happened since I posted that question almost a year ago. I needed a dac for a second system and took a fly on the Benchmark. I had heard the product many times, and I've always considered it a great value. But while I loved it's clarity and resolution, it sounded a bit too clinical and somehow missed the soul of the music.
I read that the company had changed op amps which made the dac sound much smoother and less harsh, so having a 30 day return policy, I took a chance.
The current version (IMHO) is much better than the earlier production. I wouldn't call it warm or euphonic, but I wouldn't call it harsh either. It's incredibly resolving, and I'm amazed at how much you get for it's asking price. I think it's a great value! Your mileage may vary, but if you haven't heard the Benchmark in a couple of years, it might be worth another listen.
I'm now considering putting a small system in my bedroom. (I know--can you say obsessive?) I could go with another Benchmark but it would be more fun to try something else.
The Monarchy might be a great fit. Both the reviews and word of mouth are very strong, and it's on my short list, but I'd prefer not to risk a 15% restocking fee.
The new PS Audio Dac sounds like an interesting possibility, and I'm really curious about the modified Lite Audio Dac-60 from GR Research.
Does anyone have any experience listening too the PS or Lite, or comparing any of these dacs? Any other dac suggestions in that price range?
Thanks