From what I read, the differentiation seems to be about features and utility, with the M51 being more of a dedicated DAC and the C510 a DAC/"Digital preamp." Connectivity seems to be the same in both cases. Hypothetically, a better power supply might provide more dynamic headroom in the analog output section, but best compared directly in listening. Power supplies are the most expensive part of any component. Hopefully, others here will chime in with direct experience. But NAD is a good choice all around.
NAD M51 vs C510
I'm having a hard time understanding something - I'm shopping around for
a new DAC, and the NAD M51 comes highly rated. About a year ago, NAD
released the C510 with identical specs. However, it's $500 cheaper than
the M51 with the difference being the M51 boasts a better power supply.
I asked the sales rep what that means in the real world, and he
literally said "I couldn't tell you." So if the 2 units have literally
identical data sheets, what does one get with an improved PSU? Specs
below, from the service manual for each unit:
M51:
Rated distortion (THD+N with AES 17 flter) <0.0005% (ref. 1 kHz 0 dBFS)
<0.002% (ref. 1 kHz -60 dBFS)
IM distortion <0.0001%
Signal-to-noise ratio < -123 dB (ref. 0 dBFS 2V out)
Channel separation > -115 dB (ref. 0 dBFS Volume -1dB)
Sample rate 32 kHz to 192 kHz (USB and digital S/PDIF)
Frequency response ±0.5 dB (ref. 20 Hz – 96 kHz @ 192 KHz sample rate)
Output level 2V (ref. input 0dBFS)
C510:
Rated distortion (THD+N with AES 17 flter) <0.0005% (0dBFS)
<0.002% (-60dBFS)
IMD Distortion 0.0001%
Signal/Noise Ratio <-123dB (ref. 0dBFS 2V out)
Channel Separation >-115dB (ref. 0dBFS Volume -1dB)
Sample Rate 32kHz to 192kHz (USB and digital S/PDIF)
Frequency Response ±0.5dB (ref. 20Hz - 96kHz @ 192kHz sample rate)
Output Level 2V (ref. input 0dBFS)
M51:
Rated distortion (THD+N with AES 17 flter) <0.0005% (ref. 1 kHz 0 dBFS)
<0.002% (ref. 1 kHz -60 dBFS)
IM distortion <0.0001%
Signal-to-noise ratio < -123 dB (ref. 0 dBFS 2V out)
Channel separation > -115 dB (ref. 0 dBFS Volume -1dB)
Sample rate 32 kHz to 192 kHz (USB and digital S/PDIF)
Frequency response ±0.5 dB (ref. 20 Hz – 96 kHz @ 192 KHz sample rate)
Output level 2V (ref. input 0dBFS)
C510:
Rated distortion (THD+N with AES 17 flter) <0.0005% (0dBFS)
<0.002% (-60dBFS)
IMD Distortion 0.0001%
Signal/Noise Ratio <-123dB (ref. 0dBFS 2V out)
Channel Separation >-115dB (ref. 0dBFS Volume -1dB)
Sample Rate 32kHz to 192kHz (USB and digital S/PDIF)
Frequency Response ±0.5dB (ref. 20Hz - 96kHz @ 192kHz sample rate)
Output Level 2V (ref. input 0dBFS)