I've owned both the M3 and MA3. I sold the M3 after a few months but still own the MA3. Personally I find the MA3 another level up on the M3, it is also a lot more expensive too and I've experienced that the differences between DACs relative to cost isn't always worth it, at least to me and my ears.
I liked the M3 but found it too similar sounding to the RME ADI2 FS DAC I also owned at the time to justify its price, relatively speaking. I will say its ability to drive an amp direct is the best I've tried at home (I've not tried the digital volume control yet on the MA3 but I will be surprised if it beats the Bricasti).
I replaced the M3 with a Mojo Audio R2R NOS DAC (and Bricasti M5) and thought it was a big improvement for the sound I was looking for, and now I've replaced the Mojo with the MA3 and think that offers another big improvement. Unfortunately I find the M5 with AES sounds slightly better to me than with the built in streamer in the MA3 which is unfortunate since I was hoping to apply the M5 sale onto the cost of the MA3.
I will say bang for buck the little RME is the best sounding DAC I've owned and I sometimes think what I could do with that difference in price if I swap the MA3 for the RME... It's a crazy hobby for sometimes such small differences compared to price.