Is there a perceived benefit to converting PCM to DSD to play back on Loki vs. a high-end PCM DAC? I'm confused how one can make a $150 DAC that could outperform SO much higher, even being DSD only. Is it the money into all the stuff surrounding the DAC that makes them more expensive, and not the DAC chip itself? It just seems like the things those high-end DACs have that make them $500, $1k+ couldn't be present in the Loki at $150. If anything I'd think there'd need to be *more* to fully take advantage of DSD vs. PCM. I guess I'm asking, does Loki *really* take *full* advantage of DSD at its price point? I'm just thrown off (not in a bad way!). I suppose I'm also asking, why invest in a high end DAC over converting to DSD and using a Loki permanently?
Conversion: IMHO - no. I have both a Loki and a Gungnir. They each have their own USB and I can switch back and forth by changing the config in Audirvana. I like the sound and dynamics of the Gungnir better than the Loki - usually. Since the Loki is powered from the USB (5v), the voltage swing (preamp-out) is MUCH lower than the Gungnir with it's own power supply AND Balanced Outputs.
Where the Loki is nice - I can play my SACD iso rips with no conversion. SACD internally is native DSD and Audirvana handles that nicely - just drag/drop the iso image on the player and have at it.
So is it worth having both? Yes, if you have a lot of DSD content and/or a lot of SACD rips.
Cheers,
Frank