Depends on what you'll be using as a source. If you're gonna be amping your computer's headphone out, then definitely use an E7 since the E11 won't be suitable for several reasons (main one being you can't charge it and use it at the same time).
A DAC converts the digital signal from a PC to analog, and this is sometimes necessary because the built-in headphone amps in most desktop PCs is awful. The E11 would be better if you were gonna amp a portable device though, like an iPhone, iPod or the like.
It really just depends on what you want to use them for though. The E11 is more powerful, sure, but you're not gonna be using most of that power for IEMs. In fact, most IEMs don't even need amping. Still, you'd be able to bump the bass up a bit with either the E11 or E7, so it's just up to whether you want the DAC or not (keep in mind though that the E11 is better than the E7 as an amp, as well as cheaper).