roberjerman, yes, you are right. So I guess most tube DACs are configured this way. Thanks for clarifying.
Tube DAC without output transformer?
Which ones exist, regardless of price? I know of the Aqua DACs, which use a tube-mosfet type output stage. This fits the bill because it lacks a traditional output transformer. I believe most other DACs that have tubes use output transformers. In essence, I am looking for an OTL DAC.