I used to have a Monarchy 22A (modded) back in the day, and then I got a 22B, even better. I've never tried the Cambridge, but I could almost put money on it that the Monarchy will be much better.
Is the Monarchy 22B the latest release ? From your enthusiasm it sounds like it is a good unit. How does it compare to a Benchmark or PS Audio ? I am in the market for a dac.
I don't have the time time give a totally in depth response right now (should be working not playing with my friends :P) but the Cambridge is a budget piece whereas the Monarchy is a high end piece at a mid fi price. This has always been Monarchy's claim to fame.
The DAC from Monarchy that I've heard have all been very warm--tube like-and have killer bass slam. The midrange is liquid.
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