DAC Choices - $5,000 to $7,000


What are the current top DAC choices in the approximately $5-$7K price range (new or used) that I should look at as possible upgrades to my current Metrum Adagio?  Having an on-board volume control is not a factor as I can operate my system either way.   If I wanted to spend more I would look at Totaldac, Rockna Wavedream Signature, or one of the other top-end contenders, but I selected the price range to achieve a sound quality that is consistent with the rest of my system and because I don't want to spend more due to the still evolving nature of digital technology.  I do like the more natural sound (to my ears) of NOS R2R DACs.  So far, I have considered the three below, but none seem to be a slam-dunk upgrade from the Adagio, which still sounds pretty good in my system.  The decision is complicated by having to "buy to try" so that I can hear one in my system.  Maybe now is not the time for an upgrade.  Any thoughts?

  • Denafrips Terminator w/DSP board - Reportedly has the full body/dense tone type of sound I like, but also has a high'ish output impedance 
  • Holo May KTE - Reportedly measures great for an R2R DAC and has strong reviews 
  • Rockna Wavelight - Some reviewers like it but others put it in the middle of the pack for the price
mitch2
Post removed 
Thanks, I'll post my thoughts about the Evo in the dedicated Evo thread so that we don't derail this thread.
@cal3713 
I do like the Mojo Mystique V3.  The attributes that set this one apart for me include its fleshed-out, natural-sounding tonality, excellent dynamics, and hard-hitting bass, which probably results from the overbuilt power supply.   The sound stage seems to have realistic proportions with respect to singers and instruments being stationary and in proportion to each other, but I am typically more focused on tone and dynamics so may not be the best judge of how that aspect may relate to other DACs. 

After trying various set-ups, at least in my system, I like the USB input best. Because of my system layout, I was really hoping the S/PDIF input would sound just as good or better so I could continue running Ethernet from my Antipodes server to my Metrum converter/endpoint and then a short digital cable into the V3 DAC (I was previously using I2S from the endpoint into my Metrum Adagio).   However, to my ears it sounds better using a USB cable directly from the Antipodes DX L3 into the Mystique V3, so I repositioned the DAC closer to the server, which requires that I run longer IC cables into my preamp.  Of the cables I have on-hand, the Curious sounded better than the Totaldac D1, which is the opposite what I had previously encountered (I wonder how the Curious Evolved would sound?).

The decision to upgrade was difficult because the V3 sounds so good.  However, I like the idea that the new EVO units are more modular and will be easier to upgrade in the future and, of course, Benjamin says they sound better.  Therefore, I am currently finalizing the details of an upgrade to the B4B EVO.