I do love this answer, or my wallet does, but can this be explained?
I will have a go based on the criteria that you mentioned, but this will represent my personal opinion, and not everyone will agree.
I am like many owners on the Chord threads, in that I bought a Mojo, then upgraded to a Hugo 2. Some of those owners then upgraded to the TT2 or DAVE.
The Mojo was a revelation, and I found that I was enjoying music again - both my existing collection (and hearing new things in tracks, that were previously masked) plus completely new to me genres like jazz.
Mojo was the best performer that I had listened to in the price range. In fact the Mojo performed such magic with RBCD, files, that I decided that I no longer needed to lust after paying for expensive hires copies of files.
I found that I preferred using the optical input because that provided the most neutral sound, compared to usb which did exhibit a marginally brighter sound - other owners have the opposite preference.
Would the Mojo satisfy your criteria?
Yes, I believe so, based as follows:
- compact and portable
- you have optical and usb, so you are not restricted there
- you are restricted to 3.5 for headphones, but that is not a showstopper
- cheap, for the performance that it offers
So pausing on the Mojo plateau, and rediscovering your music again, is a perfectly reasonable strategy.
Why spend more, and buy a Hugo 2?
The Mojo is great, but to me the Hugo 2 improves on most aspects, plus adds flexibility as to whether 3.5 or 1/4 headphone plugs, can direct drive speakers (provided you do not want to listen to loud music), future proofed by connectivity to MScaler.
The downside for you is that it costs more.
Hope this personal view helps in some way.