I have done some testing now.
All testing (almost) is done with the master clock (REF10 SE120) connected and active on the dac (Audio-gd R7HE Mk2) MC3+ USB and the U18.
U18 is connected to the dac with I2s (hdmi
https://fr.aliexpress.com/item/4000255873784.html?spm=a2g0s.9042311.0.0.5b266c37XEDRgK Version 0,5m Plan 4 for DSD") .
The MC3+ USB is connected to the same dac with a good AES/EBU cable (1,0m DH LABS 110 Silver Sonic AES/EBU)
All cables and the rig itself is well burned in so the result is valid.
The U18 has matured now and sings very good that it competes and are equally good as the MC3+ USB with LPS. In fact the U18 is a tad more spacious already, this after two weeks with power on and playing music. The silence "black background" has gone to blacker and is now equal to the MC3+ USB. I also get a more precise separation of the instruments with the U18.
I have to higher my judgement on the U18 a bit more at this time. I have also tested the U18 on its internal XO's and Yes they do the job fine but with a good master clock (EXT XO) this little box really shines. So this new K2 clock synthesizer works very well.
So to wrap it up... The U18 connected with HDMI out and with a good master clock it wins over the MC3+ USB AES/EBU and BNC out on the same master clock. The MC3+ USB converts DSD to PCM. The conversion is very good so nothing to complain about. The U18 plays DSD material natively with excellence.
The MC3+ USB is a Pro gear (~USD1300), the U18 (USD499) isn't but it behaves like it. I have nothing on the negative side to say about this new DDC from Gustard. I like this box a lot. Buy it and let it burn in fully and connect it to a good master clock.. The R7HE Mk2 dac is a very good dac to use for this testing and to play all formats (PCM, DSD) beautifully on. And if You like me and a few more guys here, have the option to connect the dac to the same master clock, You are spoiled.
Later I will test AES/EBU and RCA outputs on the U18, but it it will be done next weekend. Now it's music time in my home.
Have a nice evening.
/Jan