I owned Qutest and Hugo TT2. I also owned PS Audio DSD MkI. Never heard DSD MkIi or DAVE.
Qutest never sounded dry in my system it was quiet good actually when used with Warm filter engaged - natural and musical. Shortcomings - narrow shallow soundstage. Otherwise it’s a good DAC.
Between Qutest and DSD MkII my pick would be DSD as it sounds bigger, has better soundstage and is a bit more engaging. I’d skip Hugo TT2. Didn’t care for it although it sounded pretty good. Wasn’t as engaging.