ZMFheadphones Aegis Amplifier

AcousticMatt

500+ Head-Fier
Intoxicating Liquid Punch
Pros: Unique tube sound: liquid decay matched with powerful life-force like dynamics
Exciting and engaging
Spacious and airy
Midrange-focused
Dead quiet - no background hum, even at high levels of gain!
Not fatiguing
Versatile - can drive any headphone
Great value
Looks awesome
Has VU meters
Cons: Heavy! It's 46 pounds.
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The first time I heard the Aegis amp was during CanJam NYC 2024. I brought some ZMF headphones from home and my first listening experience with it was in ZMF’s room. Once I started listening, the sound engaged me in a pretty compelling way. It was one of those magical listening moments that I’ve been chasing since I bought my first pair of high-end headphones. Most of the time though, as I’m trying things out, things may sound really good, but these moments of being so engaged and moved by the sound are rare. The Aegis was bringing that engagement with all of my headphones - a dynamic lifelike punch, an airy soundstage, and a beautiful midrange focus that gave me emotional engagement. It also sounded different from any other tube amp I had heard - there was just some things about its sound that I couldn’t quite place but I was also enjoying in an immense way. I listened to a house EDM track on the Atrium Closed and it sounded punchy and perfectly airy while keeping the sounds energized, a vocal oriented track I listened to on the Caldera was a perfect fit for its perfectly tuned midrange (Caldera offers my favorite midrange), and the Atrium’s romantic and lush qualities just seemed to jive so well with any song I put on. Oh man, this was good.

Zach had already offered to send me the Aegis sometime after CanJam so I knew I was going to get the chance to test it at home with all of my gear. And, as I own two really awesome sounding higher end tube amps - the Woo WA23 and the Feliks Envy, I was really looking forward to listening to them all against each other with my headphones. I was also considering selling my Envy at that point. I loved my WA23 since I first bought in in autumn 2022, but the Envy consistently left me feeling like its sound was almost there, but not quite, in an emotionally engaging kind of way. As soon as I heard the Aegis at CanJam, I thought it might be what I’d sell the Envy for to buy instead.

Many thanks to Zach Mehrbach for sending this out to me as well as Keenan for sending me some of his personal tubes. They made it clear there was no obligation to put out a review which I appreciated, but, here I am, wanting to share, because I find this very fun and hopefully some impressions in here will inspire and help others!


Before we take the deeper dive, here’s some links on the Aegis that I found helpful and fun to read/watch.


ZMF Aegis page: https://www.zmfheadphones.com/aegis-amp


Zach and @LOrdGwyn (Keenan) talking about the Aegis:




Once I got the Aegis at home, the engaged listening continued. It sounded like how I remembered at CanJam. The attributes I wrote about above were there and it was such a joy to listen to any headphone on. Indeed, it sounded different than my other tube amps: Envy, WA23 and the Woo WA8, a really good sounding little tube DAC/amp. I started rotating through my current favorite headphones while I listened on the Aegis: ZMF's Caldera, Atrium & Atrium Closed. It sounded utterly fantastic with everything. Its gain/impedance switch was helpful in matching with all of these headphones. Someone asked in the Aegis Head-Fi thread how Susvara sounded with it, so I tried that too. It was fantastic. It did not struggle at all to power it well and was a good synergistic match tonally. More on that headphone and a comparison with my other amps later though.

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My chain at that point consisted of streaming from my Cayin N8ii DAP to either my Chord Qutest or Weiss DAC502 DAC into my choice of my amps and headphones. I was searching for a new source - something that could rip and hold my CD library as well as stream well. I landed on the Innuos ZENith. I was also looking for a new DAC that hit my preferences better. I liked the Chord and the Weiss for different reasons, but, having honed in more on my actual listening enjoyment preferences, I found that I liked ZMF’s sound the best. Some of the things I like best about their headphones is the realism, the midrange, a sense of space, lifelike dynamics and overall lifelike tone. Caldera especially hit all these marks in such a way that I’ve teared up listening to it many times at this point. It has become my favorite headphone. I wanted a DAC that could enhance these qualities as well as scale with the rest of my amps and headphones. I landed on the Holo May KTE.

Once I got the May connected to my amps, I could tell it was what I was looking for, at least in most ways. There was more space, a generally bigger kind of sound, more texture, especially in the midrange and everything sounded more real. The only thing I noticed that was different from the Qutest that I didn’t quite like as much was the bass: it seemed a little lean comparatively. More texture was there, but both the transients and the weight to the bass sounded just a bit leaner. Transients sounded a little softer. Weiss is known for its space, and the May sounded more realistic and also spacious, but ultimately less spacious than the Weiss and more realistic. So, it’s good to keep that in mind. DACs do influence the overall sound.

These earlier impressions (before the May and Innuos) were with stock tubes on Aegis. Keenan reached out and kindly sent me his favorite tube set: a pair of RCA 5691s, a pair of Tung-Sol 6550s and a Brimar 5R4GY rectifier. I continued to listen with these tubes, as well as did a little A/B with stock tubes that I write about later in this review. I also have WE300Bs in the Envy and Takatsuki 2a3s in the WA23. Everything else is stock in both amps (Performance Edition for the Envy). WE 300Bs offer more texture, a better midrange, and are a little warmer in the treble frequencies versus stock Performance Edition Full Music 300Bs on the Envy. Takatsuki 2a3s offer more detail and air as well as sound a little warmer overall on the WA23 versus the more midrange-focused Psvane 2a3s I had in before.

The goal was to improve my whole system with these things, but I didn’t expect it to make as big of an impact as it did. Aegis and WA23 benefited from the Innuos/May upgrade, but I was literally stunned by how much the Envy was transformed by them. So, most of the rest of the time listening was spent using the Innuos ZENith as my source, Holo May KTE as my DAC, and spending time listening to Aegis and then switching between it and other amps to compare. I’m also using Audio Art Cables Statement Series Cryo XLR and RCA interconnects, an Audio Art Cable HPX-1SE headphone cable with all ZMFs and Susvara’s stock cable when I used Susvara. I then switched back to the Qutest near the end to see how it sounded after months of listening with the May.

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One of the first things I listened to once I got the Aegis at home was the Atrium Closed playing a house EDM album by Spencer Brown called Stream of Consciousness. I love the way this genre sounds on this headphone (especially my stabilized/resin set named Argemone). The sub-bass, warm tuning, dynamics, and especially sense of space (a result of the ADS - Atrium Damping System - I think Zach really figured out space with this - things sounds less headphone L/R like and more realistically dispersed) is so good that it’s just everything I want for this genre. Aegis played so well with it. This album on this headphone sounds great on any amp I’ve tried it on, but Aegis does enhance the AC’s qualities in a very engaging way and I was starting to recognize part of what makes Aegis so intoxicatingly engaging: the decay in the imaging sounds like it sticks around for a little bit longer than my other two amps, the WA23 and the Envy, even until the next transient hits. It does this in a way that doesn’t sound syrupy at all. The amp is still incredibly resolving and grippy at the same time. The second is that the midrange is so focused that lead instruments and vocals sound closer to you and intimate, also more-so than the other two amps. This happens while the soundstage is also big sounding. These things remind me of the Atrium. Vocals and instruments sound very close to you on the Atrium while the soundstage also sounds huge and spherical. And the decay lingers a little longer like the Aegis too. Naturally, Atrium sounds incredible on the Aegis. And it’s not too much of a good thing, either, where two of the same characteristics stack on top of each other to take away from having those positive things in a more measured amount. The bass is still well controlled, it’s punchy, and, if anything, the Aegis gives the midrange and the decay a little bit more so that it awakens these things on the Atrium in the best way. Anything I listened to on the Atrium or Atrium Closed sounded fantastic on the Aegis. No fatigue, just fun. I was switching genres, trying to see if there was something I wouldn’t like, but that didn’t happen and everything sounded new.

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As good as those headphones are on this amp, the Caldera on the Aegis I think just may be even better. I spend a lot of time listening to this headphone on this amp and I think it comes down to a few things on why this is such a truly great pairing: Aegis’ midrange is focused in a way that feeds Caldera the texture and realism that it needs to come alive. That and the bass and dynamics come alive in a punchy, breathing-life-into kind of way that sounds unique. This is another quality, another thing about it that I hinted at before that sounded unique to me when I first heard it. It’s a sound that’s very visceral and ultimately words can’t quite capture the complete spirit of it, but I’ll try anyways: it’s like there’s a legitimate life-force energy that’s powering the Aegis to sound like it’s pumping air in a real, almost like you’re listening to live music kind of way. The WA23 and Envy are more powerful on paper (WA23 I believe is just above the Aegis at above 2 watts, while Envy is 8 watts), and do well in this dynamic department too, but there’s a quality to the Aegis that sets it apart from these that I find that gets my blood pumping. It’s like a little workout while I’m listening. I’d say headphones like Caldera and Susvara take the most advantage of this quality, but then, the more I listened, the AC and Atrium sounded even better dynamically because of it, too. All headphones benefit equally from this quality. That and there also seems to be a very strong specific synergy with Caldera.

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People have been asking me how the Aegis compares to the WA23 and the Envy since I've had the Aegis at home, and I’m excited to share my impressions below.

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Aegis and Woo WA23

Initial impressions
while listening using the Caldera: WA23 more upper mids. Aegis is more warm in the midrange. WA23 has bigger soundstage and more air around instruments. Layers sound closer to you on Aegis. More clarity on WA23 and less of that fluid quality that Aegis has. A little bit more solid state sounding. Bass is more tight and more clear. Even more holographic and see-through. Punchy, but a little less so than the Aegis. Bass sounds more textured and more clean while Aegis’ bass sound a little rounder in comparison. WA23 sounds smooth, but Aegis sounds even more smooth.

One note on my listening experience here that I think is important to note: the WA23 has been my favorite amp since I got it in autumn of 2022. I’ve been comparing the WA23 to the Envy to the Aegis for the last few months and doing it so often that I wasn’t changing the gain and impedance switches on the WA23 much at all, both of which were set to high. When I was specifically changing between the Aegis and the WA23 for this part of the review, I kept finding the WA23 more forward and more bright sounding than I remember it sounding over the last couple of years. Had I just gotten used to the Aegis and Envy’s more warm sound? I then realized I had left the impedance and gain settings both to high. I played around with switching them down, realizing that high gain and low impedance is what suited Caldera the best. Dynamics were better, there was more room for sounds to breathe, things sounded less forced and forward and less bright. This applies not only to the WA23 - the Aegis can sound more this way with everything its gain switch to high (although not quite as bright and forced as WA23). This may be a good option for certain headphone or recordings, but it’s important to note that if the sound isn’t jiving, it’s not necessarily the character of the amp, but the settings.

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Aegis and Feliks Envy

Initial impressions
also using Caldera: Envy is more realistic sounding. Bass is more clean but sounds a little leaner (I remember bass sounded less lean on the Qutest on this amp) than the Aegis. The Aegis has more punch, but the Envy has more texture. More wide soundstage on the Envy. Bigger soundstage on the Envy. Elements are more separated out. Everything sounds a little closer on the Aegis. More cohesive sounding than the Envy. Better midrange on the Aegis. Vocals and main midrange-focused instruments like saxophones, trumpets, cellos, etc. are more centrally focused with the rest of the layers layered behind it. One of the things that makes the Aegis so engaging to me.

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On jazz (Chris Potter’s The Dream Is the Dream). The Envy pulls ahead in soundstage depth and width, layering, resolution, and overall realism. It’s kind of insane how good it sounds. The Aegis sounds so good with jazz, too, in different ways: the saxophone sounds even more focused in the center, even more intimate. This makes the Aegis a little more engaging all around and especially more emotionally engaging. The imaging sounds more cohesive and less wide than the Envy, which helps with the intimacy and not feeling like you’re obviously wearing headphones. Lastly, reverb tails flow into the next transient in the most beautiful way, providing a beautiful, intoxicating atmosphere that’s perfect for jazz.

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Aegis / Envy / WA23 back-to-back listening

My reasons for potentially selling the Envy was that it had a few things missing for me: an emotive, intimate midrange and sense of cohesiveness in the soundstage. It also had almost no play in the volume knob. It’s a sound in many ways that reminded me of when I owned the LCD-4: effortless and holographic sounding bass, incredible layer separation, incredibly detailed while also still remaining warm, and yet…. pretty V shaped (meaning the midrange was not as prominent). Envy doesn’t sound V shaped in the sense that the mids are dipped out, but midrange instruments image further away from you while the bass and airiness get centerstage, and I found that voices and main instruments were not as emotionally engaging as I felt they needed to be for my preference. I think I’m a more emotional listener and need that. Overall, I found the Envy to be an impressive sound, but after listening for like 5-10 minutes, I missed the midrange from my WA-23 and almost always switched back over. Unless it was jazz. The weighted sound of the Envy was one I preferred for jazz.

But then I got the May and Innuos. I was very surprised by how it transformed this amp for me. The sense of realism was so good that the issues I had with it before were transformed into sounding more like an aged musical instrument being played by someone who’s been playing well for decades - the sound came together as one. The midrange sounded better; more textured and holographic and ultimately more engaging. Voices were stunningly detailed - utterly real sounding and now more intimate and centered, which I found totally addicting. All of that and the other attributes of the holographic bass and effortlessness of sound being fed right from the May/Innuos source seemed to shoot the Envy into the stratosphere. The May/Innuos positively affected the Aegis and WA23 too, but they sounded great and held my attention before with my Qutest/Cayin N8ii source combo. This level up in sound inspired me to get some WE 300B tubes for the Envy, and, as I wrote earlier, that’s what I was using doing these impressions.

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Sara Bareilles - “Islands”. Starting on Envy with Caldera. Piano sounds real. Bass is stunning. Voice is close and so much texture with it. Things sound very wide. Layers seems very well separated out. A lot of airiness in a great, atmospheric kind of way.

Continuing with Aegis: Layers seem more cohesive, but a little congested compared to Envy in the chorus. Vocals sound closer and every other layer a little behind it. I like this. So engaging. Bass doesn’t hit as hard (interesting, as my past impressions for some tracks have been the opposite) and doesn’t sound like it goes quite as low. Back to Envy. Yup, all the same impressions apply. Interesting note here: Envy is so revealing in the texture and air around her voice that it's more obvious she's in a vocal booth and it's not a live performance.

On to WA23. Midrange sounds more focused than Envy. Less wide soundstage. Bass sounds stunning in a similar way (using RCA, interesting to note) to Envy, but slightly less. Bass seems better controlled and almost separately controlled to other layers. Not as good as Envy though. Sounds like a cross between Envy’s big-ness in the bass and bigger soundstage and Aegis’ midrange focus and more focused soundstage. More texture and more detail in Sara’s voice too compared to Aegis.

Things sound the most real on the Envy. Even though there’s a weight to the sound, it sounds the least punchy out of all three. There seems to be a bit of an extra visceral wallop on the Aegis and WA23.

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Joe Satriani’s “Goodbye Supernova”. Starting on Envy with Caldera. WOW. The bass sounds so holographic, the imaging is huge, everything sounds so lifelike and visceral. It’s unreal. A moment where the Envy and Holy May pairing really shoots into the stratosphere. Switching to Aegis. Everything sounds more cohesive. Still big, but less so. Layers are closer. More midrange focused in the guitar and Joe’s lead guitar sounds closer and tonally a little different. More intense. Envy much more textured though. A little more round and punchy down low on Aegis, but less holographic in the bass. Switching to WA-23. Sounds like the split difference between Envy and Aegis: everything sounds bigger again, but more midrange focused than Envy. I highly recommend giving this track a listen. One of the most impressive and mind-blowing tracks of this whole experiment.

Piano: (George Winston’s Night album and Brad Mehldau’s “Bittersweet Symphony/Waterloo Sunset”). More atmosphere and air around harmonics on the Envy. More brighter overtones on WA23 and Aegis. Most realistic piano sound coming from Envy. Most wide on Envy.

After listening like this back-to-back, since the WA23 is tonally more similar to the Aegis than the Envy, that it’s like taking Aegis and then upgrading it to an even higher flagship level. Which is saying a lot, as the Aegis is quite the flagship and technically capable amp in its own right.

Because the Envy was so transformed for me, I decided to keep the Envy and send back the Aegis. But were it not for that curveball, I would have bought it.

Summarized impressions:

Envy
has the most realism. The most holographic, reach-out-and-grab what you’re hearing sound. It’s also got the most wide soundstage. It’s also got that specific “weight” to it that is unique out of all three. It’s got the most power at 8 watts, and you can feel that in the bass punch and open soundstage. That also translates to the highest noise floor of the three. Lastly, it responded the most to upgrades in the signal chain. It seems to especially love R2R DACs.

The WA23 has the most depth in the soundstage. It highlights the midrange and has the most upper mids versus the other two. It also sounds open and airy, even more so than the Aegis, but less so than the Envy. It sounds great in a very high-end, solid-state technical meets beautiful tube midrange kind of way. The Envy sounded the biggest - in soundstage and in the bass. The bass was tight and controlled and punchy, but less so than the Aegis. Aegis sounds a tad bloomier in comparison, less so with Keenan’s tubes. Aegis was more punchy but also a little less textured versus the other two amps. Envy was the most textured everywhere.

Aegis had the best dynamics, was the most exciting and had the most focused midrange. It had that liquid decay quality leading into transients yet stayed technical in its handling of transients. Midrange instruments sound the closest too, as do all other layers, even though the soundstage depth is really good. It’s the most exciting and in-your-face sounding of the three. No hum or noise either. Sounds like a black background solid state amp kind of way compared to the other two.


Some overall notes:

WA23 and Envy both benefit from Holo May KTE’s balanced output. Aegis has just one single ended input. The single-ended RCA output from May sounds great too, but the balanced output does sound better. I notice it most in the bass. The bass is even more holographic and actually sounds like it may even go lower and punch a little harder (may be the 5.8v output versus the single-ended 2.9v output there). Using single-ended output into both the WA23 and Envy to even the playing field a little more, all the above differences between these two amps and Aegis are there, but the bass I wouldn’t say is “looser”, but it’s not quite as utterly holographic and visceral as it sounds from the XLR. A very slight lessening in detail and air, perhaps? Very subtle if so. I may have been looking for differences where there weren't any. Bass is the defining obvious difference though.


Something that is interesting to note here is how long they take to hit their stride: Each take about 20-30 minutes to sound less stiff and sounding properly warmed up, but I noticed after about an hour and a half to two hours, the WA23 and Envy pulled into a category of sounding even better. The dynamics especially sounded even better at that point, near that life-force thing I was talking about with Aegis, but in their own way - more open, effortless and utterly into “wow” territory. Aegis sounded even better indeed at that same hour and a half to two hour mark, but the Envy and WA23 started to really pull even more ahead of the Aegis into a different category: I found myself mouthing “Oh. My. Gahhhhhd.” while I listened to either amp at this point. The sound leveled any headphone playing through up to sounding so good in a way that I think most audiophiles are hoping for when they get new gear or audition something at CanJam: things sounding so effortless, lifelike and open that it doesn’t sound like you’re listening to headphone anymore. You’re utterly transported to a different realm. The amps warming up for this long seems to be an important part of the equation. I didn’t notice a downgrade in sound anytime afterward, either, and my listening maxed out at about 5 hours while taking some breaks here and there.

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Aegis and Woo WA8

While some may think comparing the $1900 WA8 to the $3500 Aegis may seem a little silly, I don’t. I think for most of us, it’s really about what specific sound you want and sometimes the least expensive option can have what you’re looking for. I’ve been very fond of the WA8’s sound since I got it and for me it hits the mark for my preferences. It has some special characteristics that make it very enjoyable to listen to. The DAC inside the unit is good and works well with it, but I use the Hugo2 as DAC when I listen. The pairing is synergistic magic. The resolving Chord sound with the WA8’s tube sound is an addictive listen. I use it as my night time listening setup, often using ZMF headphones and gravitate towards Atrium with it the most. It also powers planar and dynamics equally well, but is not as good of a fit for Susvara as Aegis is.

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Spencer Brown’s “LA ID” on Caldera: Aegis is more tight and controlled in the bass compared to the WA8. Even more punchy, but only slightly. Layers sound a little closer than WA8, and yet, because of the longer decay, the Aegis still sounds even more airy and has the bigger soundstage. That longer decay is there and holds on even longer than on WA8. There’s actually that life-force kind of pulse happening on the WA8 that makes it magical like the Aegis, but in a different way. More in a warmer way rather than a more crystalline clear kind of way like the Aegis. The dynamics are also very strong, but Aegis is better. This sounds unique compared to the others, much like the Aegis, but in a different way. I suppose it can be argued that most tube amps have this kind of breathing dynamic quality that I’m talking about, but Aegis and WA8 do indeed do this in unique ways compared to everything I’ve heard until this point. WA8 seems to do it in way that sounds tonally warmer than the Aegis. The Aegis’ dynamics are more clear, clean and more resolving sounding than the WA8. I do notice more texture in instruments on the WA8 though, interestingly.

WA8 definitely warmer - vocals sound a little closer on “Chance On Us” in the lower mids. Not in a muddy way. Vocals sound more emphasized in the treble on Aegis.

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Susvara on Aegis

I listened to Susvara on Aegis for a while to get a feel of the pairing. I listened to some different genres: singer/songwriter folk, jazz, and pop rock. Like so much that gets said about this headphone, my experience has been the same: I’ve struggled to get the chain right to enjoy listening to it at times. It needs more power to come alive as far as headroom, bass and dynamics compared to most other headphones. Aegis did not struggle in these areas. Aegis’ qualities that I wrote about before were still present while listening to Susvara. But, the listening experience reminded me of when I owned and listened to Susvara on the Ferrum Oor (with Hypsos power supply): the overall experience was pleasant, but left me wanting more. I don’t have the Oor anymore, and I do think Aegis is better than Oor in that dynamic quality and also from what I remember in soundstage, and overall has a more engaging and musical tonality. I was using the middle gain/impedance setting at first. I switched to high and, while it helped in some areas, everything sounded more compressed towards me, so I went back to the medium setting. Things sounded more accurately represented in space that way.

Switching to Envy gave me more (on medium gain/impedance setting too). There was more headroom, the bass deepened and sounded more full, and the dynamics opened up and sounded like it had more breathing room to display the layers. There was also much more texture and more detail. Aegis doesn’t lack there, but the difference was a little bit of a shock at first. One area though, and this is consistent with what I’ve written before, is that the midrange still sounded more focused, more intimate, and even more engaging while listening on the Aegis.

Switching to WA23 (high gain/lower impedance), those areas of headroom, bass, dynamics took a downward shift, but only by a little bit. The midrange was better and more focused, the soundstage less wide but sounded more deep. There was less texture with everything and the bass was a little more thumpy. Dynamics were great though. Envy still had more of an effortless quality there. Perhaps because the layers had more room between them to be heard.

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Marcin Wasilewski Trio with Joakim Milder's Spark of Life album. Starting on Envy. So good. Weight to everything. Atmosphere is amazing. Detail is amazing. Switching to WA23. Cymbal hits stick out more. More cohesive soundstage. A little more upper mid and treble sounding. Saxophone sounds more focused and even more engaging. Less texture than Envy though. Things sound real, but not as real as on Envy.

Switching to Aegis. Things sound more cohesive. That decay is more present. Cymbals stick out, but sound more like a warmer splash than a more clear “ting” of the WA23. Saxophone still is focused, but sounds a little warmer than on WA23. WA23 has more detail and texture there.

Switching now to Caldera on WA23 with same album. Ah, I'm home.

What I find really interesting about Susvara is that, even though I’ve owned it for a few years, I don’t want to listen to it very often. It’s offered some of the most stunning listening experiences and yet, because it’s so revealing, minor annoyances become bigger, irritating annoyances. If the track is played well, mixed well and mastered well, it’s offered some of the best listening experiences I’ve had. It reminds me of hearing the Sennheiser HE-1 or the HiFiMan ShangriLa Jr. But when it comes to me being pulled to listen to something, it’s going to be a ZMF headphone most of the time.

It comes alive even more on the Envy. The bass, soundstage and detail are the best out of all three amps. Because of how revealing of a headphone it is, it can sound on the unimpressive and non-exciting side on amps that don’t quite give it the juice it really needs to come alive.

How this relates to the Aegis is that if I'm going to do Susvara - I'm gonna do it on the most powerful amp I have.

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Caldera on Aegis with Keenan’s tubes:

Airy. The decay is amazing. Bass sound punchy but controlled. A warm sound, even though there’s plenty of treble energy and detail. Listening to “Message in a Bottle” by Marcin Wasilewski Trio.

Stock tubes (with upgraded "standard upgrade 6SL7" tubes Zach sent from Tube Amp Doctor):

Soundstage sounds a little bit less big and airy. A tad less decay than Keenan’s tubes. A little less detail. A little less punchy and also less solid state sounding. Bass sounds about the same? Less treble. More warm. Some of these things are subtle. Qualities of that unique decay and dynamic life-force punch are there, but less noticeable.

Listening again later. Now the tubes seem brighter than Keenan’s tubes. Interesting. Punchiness and decay not quite as good as before for sure, although still good. Keenan’s tubes definitely enhance these qualities. The bass sound a little more full but a tad less tight and textured.

Using the Chord Qutest again:

Qutest bass sounds a bit more punchy and also more emphasized versus May. Transients seem better overall. Cymbals and high frequencies stand out more on Qutest. Layers sound closer to you. Less air around instruments on Qutest. Transients seems a tiny bit snappier. Less decay. This is all on Keenan’s tubes.

Listening again later. A/B between Qutest and May. Everything sounds closer on Qutest, so I think that’s part of why the bass sounds even more punchy and in your face. Transients seems more intense than on May. Less air around everything though. Less space. Sounds more exciting though overall.


....in summary:

The most striking thing about Aegis is its uniquely addictive sonic stamp in having that life-force like dynamism and an intoxicatingly liquid decay. It holds its own with bigger, more expensive amps by sounding technically proficient yet wonderfully tubey in all the best ways. Plus, it has next to no noise floor, has VU meters, looks awesome and is a fantastic value. I think anyone who buys this amplifier will not be disappointed!

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Patmach
Patmach
Congratulations for this very detailed comparison between these 3 high-end amps. I find many of the impressions I had when comparing the Envy and the Aegis. 2 excellent amps but the Envy remains the reference for me
AcousticMatt
AcousticMatt
@Patmach - thanks for reading! And, I agree. Both are excellent amps. Happy listening...
Renexx
Renexx
fantastic review

Pharmaboy

Headphoneus Supremus
The New ZMF Aegis: CLARITY + SOUL
Pros: -- Impressive resolution & clarity
-- Big/wide/tall soundstage
-- Very powerful
-- Allows granular customization of output impedance
-- Gorgeous looks
Cons: -- Maybe make the front panel VU meters ¼" larger in diameter…?
-- (sound of crickets)
INTRODUCTION
I've heard big transformer-coupled tube headphone amps at shows and a few times in my system, including amps by Feliks, DNA, Woo, Cayin, Auris and others. When the ambient noise was low I often heard things I associate only with large, powerful tube amps: a deep soundstage; a big, expressive midrange; hyper-real spatial placement of notes and voices, each seeming to sit on its own little puffy cloud in 3D space; and sometimes a slight roll off in the upper treble and a somewhat less deep and dynamic bass. I assumed this is what all big tube amps do.

Then I heard the ZMF Aegis, which upended all assumptions and exceeded all expectations. It sounds different and is different. It's also gorgeous to look at.

My sincere thanks to ZMF for the loaner Aegis; and to Zach and Keenan for their very helpful answers to my pestering
questions about this new amp.
My apologies to readers for the length of this review. There's so much ground to cover with the new Aegis.

The Aegis Backstory
L0rdGwyn (Keenan McKnight) is well known here for his innovative DIY tube amps, the OTL Airmid and transformer-coupled Aegis. A lengthy Head-Fi thread is devoted to them. He also supports these amps with very helpful, informative instructions and cogent answers to user questions. ZMF Headphones' owner/chief designer, Zach Mehrbach, is also well known here for designing a succession of beautiful (and beautiful sounding) artisanal headphones starting in 2014. Keenan and ZMF are collaborating on the commercial version of the Aegis. The ZMF Aegis is designed by Keenan, manufactured by Cayin, with design aesthetics and marketing by ZMF.

Amp Design & Tubes
The design of the Aegis is quite unlike that of other tube headphone amps. Keenan believes the Aegis is the first commercial tube amp to use this design. As Keenan told me,
"It's a transformer coupled amp, but not like all the other ones out there, it's an unusual circuit. The output tubes are wired as a cathode follower, much like how tubes are wired in an OTL, but it is transformer coupled instead. This isn't the case in a conventional transformer coupled amp. Cathode followers have no voltage gain, so to make a transformer coupled cathode follower work, the input stage has to be very high gain, the reason 6SL7 is used. Another unusual bit is the 6SL7 input stage is loaded by a choke, not something you'll see much in commercial amps!
So why go to all the trouble for the transformer coupled cathode follower? 1) lower distortion and output impedance and 2) going cathode follower removes the cathode bypass capacitor out of the output stage that is present in almost all transformer coupled amplifiers. The more capacitors you can get out of the signal path, the better, which really improves dynamics and clarity in my experience."​

The other point I would make about design is how much user-customization of output impedance the Aegis offers. There are 3 user-selectable output types (XLR; ¼"; and 4.4mm; switch on front panel). The 4.4mm is significantly attenuated for IEMs, so I'll focus on XLR and ¼". The Aegis is single ended; its input is an RCA L/R pair. The XLR is a pseudo-balanced output with the output transformer acting as a phase splitter; it's offered for user convenience. The XLR output puts out somewhat higher power than the 1/4"; it also has a higher output impedance at each setting of the impedance switch. Thus users can co-vary the output type with the 3 impedance switch settings to precisely dial in the output impedance that reaches the headphone. This matters because output impedance subtly affects the sound of the amp

The Aegis uses 5 tubes. On my loaner the stock signal tubes are 6SL7; power tubes are EL34, both JJ; and the 5AR4 rectifier is Sovtek. There are many possibilities for tube-rolling with this amplifier:

Input tubes: 6SL7 and all of its variants​
Rectifer: 5V and up to 3A, includes 5U4, 5R4, 274B, 5V4 / GZ32, 5AR4 / GZ34, 5Y3 (best to use lower power output tubes), others​
Power tubes: Almost any power pentode will work: EL33, EL34, EL37, EL38 (w/an adapter), KT66, KT77, KT88, KT90, 6550, 6V6, 6L6, EL84 (w/ adapter), others​

Conservatively rated, the amp's power output is 2 watts per channel. That is BIG tube power, plenty for anything out there.

Physical Stuff
The Aegis is a full-size tube amplifier. It measures 11½ x 14 inches and is heavy. It's also gorgeous to look at (apologies for the crappy flash pictures):

4 - AEGIS (side-by-side).jpg


My loaner has verdigris-painted transformer covers, a teak faceplate, wooden volume pot & on/off button (a 1st in my experience) and a painted metal bar with enclosed ZMF logo running along the bottom of the faceplate. This mix of wood and earth tones is very attractive. The Aegis stands out. This design gets small details right: the figured circular brass rings encircling the base of each tube contrast nicely with the dark grey case, highlighting each tube from below. The Aegis puts on a discrete, attractive light show, with soft yellow light emanating from each of the two VU meters; the on/off button subtly outlined in orange light; and the volume pot circled by 16 small, orange back lights. And of course there's the soft orange glow of the 5 tubes. IMO this Aegis is knock-out pretty.

2 - AEGIS Top View (Flash).jpg

The Sound
After a day's burn-in I began listening via the ZMF Ori to check how much power the amp had for this relatively power-hungry planar (hint: a lot), then switched to my best planar and dynamic headphones, the Caldera open and Verite open. From minute-1, the sound characteristic that jumped out at me was clarity. I've never heard this much resolution from a tube amp. Even 50 year old studio tracks that were never conceived as "audiophile" recordings sound bigger, better, and more expressive on the Aegis. Every musical note rings clear as a bell. Part of this clarity is the truly black background; the Aegis is quiet as the proverbial grave.

Years of audio experience conditioned me to distrust apparently high resolution. Too often it comes at the cost of brightness, edgy transients, and spikes in the upper mids or treble. But the Aegis sounds nothing like that. This amp captures the soul of music. Its considerable resolution is natural, organic and dynamic. The amp's overall tone is neutral, well balanced and level, top to bottom. For me, the "voicing" of the Aegis is ideal—and this is with stock tubes.

I quickly became accustomed to Aegis-level resolution. I heard new things in tracks I've heard countless times: keyboard parts I could barely make out before; precise articulation of strings and percussion; ambience of the recording space. Latin Jazz tracks with multiple percussionists sound utterly clear; every drum strike is distinct. The vibraphone, so challenging to record, is beautifully and realistically rendered here. The Aegis' resolution extends to the accurate timbre and body of instruments and voices. With this amp, resolution enhances tone.

It's easy to get used to high resolution that is so musical. Tracks from different recordings sound noticeably different. With the Aegis I easily hear into any track and understand the effects the mixing engineer was going for. It's also easy to hear the slightest reverb or delay in microphone processing, the relative "wetness" or "dryness" of the recording acoustic, and so on. I tried a number of music genres with the Aegis, everything from ethereal classical to electronic pop with strong beats and bass pulse. The Aegis nailed every genre. This is not an amp that's good with certain things but not others. If there's a music genre that's "eh" on the Aegis, I couldn't find it.

Soundstage: I've never heard soundstage this wide and tall. At times it felt like a sonic bubble surrounding my face and head. Some sounds were actually behind my head. All 3 headphones I heard on the Aegis sounded even larger & more spatially expressive than usual. This amp's dramatic soundstage was heightened by the clarity of each note, precisely anchored in sonic space. The Aegis' soundstage could be huge, intimate, or somewhere in the middle; it reflects the music source. Tube amps often have strong spatial and soundstage qualities; the Aegis simply has more. When I paired the Aegis with the Caldera open, a headphone that has ZMF's ADS system and soundstages heroically, it was like sitting midcourt at Wimbledon.
  • The Aegis' soundstaging can be startling. In a Scary Pockets live-in-the-studio YouTube video, the song's chorus features a loud, heavily distorted bass guitar. Those bass notes appeared suddenly beneath my chin and across the bottom of the entire soundstage. It felt like one those lead radiation aprons used for X-rays was draped around my shoulders.
Tone: Frequency response of the Aegis is easy to discuss because bass, midrange and treble are so equitably reproduced. I can hear no bloat or significant frequency elevations/depressions. Every instrument and voice sounds just right. Timbre is accurate and life-like. The bass deserves special mention. The Aegis has bass for days (including sub-bass), deep, textured and dynamic in ways tubes often are not. Treble is equally impressive. If there's a roll-off in the upper treble, I don't hear it.
  • I'm reminded of 2 measurements (rise time [small signals] & slew rate[(large signals, measuring an amp's response time) commonly used for solid state amps but not tubes.
  • I could be wrong (please weigh in, Keenan), but I'd guess the Aegis has a fast rise time and/or slew rate, maybe also a better than usual S/N ratio. This amp goes from 0 to 100 in no time.
At times I heard a slight forwardness of certain voices or instruments in the upper midrange of the Aegis. This was not present in all tracks, just some. I suspect what I'm really hearing is the mixing engineer's decision to highlight the lead vocal or instrumental. Either way, the effect is small. It's the kind of thing tube rolling could readily change.

Impedance Matching: When first listening to this amp I used the XLR output (all my cables are balanced). After Keenan explained how the XLR and ¼" outputs differ, I tried the ¼" output. Then the sound really snapped into focus:
  • The ¼" output sounds more controlled and somewhat smoother than XLR, at least to me. I did most of my listening on this output
  • I appreciated the ¼" output's somewhat lower gain. The Aegis is so powerful that the extra gain with the XLR output is not necessary, at least in my 2 systems
  • The ¼" output has lower output impedance at all 3 settings of the impedance switch vs XLR. For me, "Low" worked perfectly with the two planars, and either "Low" or "Med" worked well with the VO. I didn't care for the "High" setting's higher gain, probably because both my systems have single-ended DACs (MHDT Labs Orchid; Metrum Onyx) that output well over the 2.0v standard
To my ears the lower impedance settings produced a somewhat smoother, calmer, more controlled sound. Perhaps I traded off a bit of dynamic punch for this (not sure). If so, the tradeoff was worth it (this amp has dynamics & punch to spare). The Aegis gives users unusually granular customization of sound via combinations of output type & impedance settings. This is both elegant & practical.

Aegis impedance TABLE (100%).jpg


Tube-Rolling
The stock tubes sound very good. But of course, tube rolling beckoned. I replaced the stock EL34s with matched pair of NOS Siemens EL34s. After 5-6 hours burn-in I did some listening. The Siemens sounded subtly different, a bit sharper on transients and slightly tipped up; drums & percussion, already crystal clear, became borderline spectacular. But on less than ideal recordings, these tubes let me know it. Still, vocals stand out and the treble is sky high. Bass is very clear and controlled. This is pretty much what I expect from Siemens tubes—relatively small but audible differences.

Keenan believes the unique circuit design of the Aegis predominates in determining the amp's sonics. He also says using different types of power tubes in place of stock (ie, KT88s or any other compatible tubes) may produce more audible results. I suspect he's right ... but that doesn't stop me from wishing I had a pair of late '50s Mullard Blackburn EL34s to try in the Aegis.

Aegis vs Icon Audio HP8
It seemed unfair to pit a compact 3-tube amp against a 5-tube, full-frame amp, but the contest was far from a blow-out. Both amps sound rather amazing via the VO and Caldera Open. Sonic differences are small but meaningful:
  • The black background of the Aegis continues to impress, but the HP8 comes close. Neither amp telegraphs "tube sound" -- there's no grunge or sonic dirt with either. Both are very quiet even with no music playing and volume pots at medium loud (impressive)
  • Soundstage on the Aegis is somewhat wider and taller than on the HP8
  • But soundstage on the HP8 is somewhat deeper
  • Bass on the Aegis is articulate and textured. It's the best bass I ever heard from a tube amp, maybe the best bass of any amp
  • But the HP8's bass was a bit more impactful and a touch deeper, albeit not as textured as the Aegis. This is probably due to the NOS RCA 6NS7s I use on the HP8. When I switched to them, the HP8's bass became noticeably richer
  • The Aegis is fast and neutral; its articulation of multi-track music & ability to untangle complex passages is a next-level, though the HP8 is also above average in this respect
  • The HP8 imbues music with a certain beauty of tone, slight warmth, and palpable "thereness" that is quite alluring. IMO this is the tradeoff for the Aegis' greater clarity and articulation
  • Stock tubes of the Aegis sound very good—tube rolling is not a necessity--while the HP8 can benefit from the best NOS tubes
I would love to revisit this comparison after systematic tube-rolling on the Aegis (I can dream).

CONCLUSION
The Aegis is the best tube amp I've ever heard—maybe the best amp, period. This is big-league tube amp sound worth seeking out.
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Pharmaboy
Pharmaboy
@Ridewave, the ZMF Aegis definitely lights up both planars and high impedance headphones. And yes, that is cool.
djentbat
djentbat
I'd be really curious to see how the Aegis compares to the Cayin Tube amps. I love my HA-3A but the look of the Aeigis is stunning.
J
jsabini1
Thanks for the informative writeup, the gears are turning here to see how I might figure out a way to get my hands on one! :wink:

I'd appreciate knowing what else you have in your chain, (i.e. DAC and solid-state amps), as we share some similar headphones. It would give me some reference points. :beerchug:

Thanks for replying on the other forum, it's too bad you're having issues there! :angry:
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