FWIW I found the v3.7 on my TP to be better than v1.0. I also have an Iris that while if functions properly playing over I2S, I need to reset the pin out to switch between PCM and DSD.
I also found the USB is now better than the I2S (wasn't so with v1.0) so I am keeping v3.7. I have a Lampizator Golden Gate and use that as a reference to judge the change from v1.0 to v3.7.
I suggest giving it a try, but let it burn in for a few hundred hours before listening.
Also I was using NOS, now I find OS with sharp filter cleaner and more pleasing especially with 16/44 files.