Yes, My understanding also is the Link I, II, & III are the same unmodified. Each improvement is just an easier upgrade.
MSB DAC II vs DAC III or others?
I have the MSB DAC II for 18 months, and plan to upgrade. Should I go with MSB III w/ full Nelson mod, or buy another brand in the same price range? Anyone know the sound improvement from DAC II to DAC III?