Rank the top reference DACs you've heard


Usually the battle goes between DCS Vivaldi set and MSB Select II.

However, since Swiss/Japanese (boutique level) DACs are usually out of reach, we rarely read about ultra high end DACs and where they fit with the rest of the league ($5000-$100,000) price range. 

There are other topologies and SOTA designs floating around, what comes to mind:
- new DCS (above Vivaldi) flagship to be announced
- Wadax Atlantis Reference
- Esoteric Grandioso D1X (Dual Mono)
- TotalDAC Twelve Mk2
- Lampizator Golden Gate 2
- Chord Dave+mscaler
- CH Precision C1+X1 (Dual Mono) 
- Soulution 760
- Aries Cerat Kassandra Ref
- Aqua La Scala mkII Optologic
- EMM Labs DV2/DA2

I mentioned flagship DACs only since the list will be bigger and we will lose focus of the subject. It is interesting to know some of us "lurkers" or who has reached audio nirvana with his choice of DAC and what did he it compare with. The more input we get, the clearer the big picture will be. 

Let's go!
128x128emerald
@mahughes 


You are correct that one man’s meat is another…..

I have heard the Terminator Plus and found it….mechanical. LOL. I guess that just goes to show us that it is pretty subjective, especially on internet forums. I thought the regular Terminator a better dac than the plus. I have owned neither.

I certainly haven’t heard all of the dacs on the list, few have. With that said, of the ones I have heard or owned I find it odd that you believe the EMMLabs or the AQUA “mechanical”. I do not presently own either but both are exceptional and hardly mechanical the extended periods I have listened in diverse systems. Please describe the setup you heard them in. Maybe there was a mismatch somewhere in the chain. Peace.
MSB - I have spent time with the reference and it is insanely good.  I have never heard the select, but I can imagine how incredible it is. 
Playback Design DreamDAC - everything is upscale to to 512k DSD. Not only is it smooth and detailed, it is not bright.
Lampizator Pacific is their top offering now.  I've owned it for the last 1½ years and it is quite competitive with vinyl in my system, with an appropriate sense of liquidity and coherence, while dishing up a lot of musical information.  It really feels like you are at the event.  I really hardly spin LP's now, because the digital avenue is so good and easy, too.

I just bought a used original Denafrips Terminator for a second system, and I have to say, it is quite good for the money.  I absolutely could live with it long term.  Yes, the Pacific bests it, but there ain't no "wiping of the floor" going on. You get more harmonic completeness and a slightly more coherent sense of space and performance, which is a bit more satisfying musically, but the Terminator is no slouch in these areas, either.

Important to note, my impressions of both DAC's are based upon them being fed by the outstanding Taiko Audio Extreme server.  This device has me believing that the server could be more important than the DAC for ultimate sound quality.
I haven’t heard any of those so I don’t have any real input.

I did hear the Nagra HD DAC which I thought was very musical paired with an Innuos Statement music server.

I think the Nagra should be added to your list