@Dithyrambes
My appreciation of Chord DAC product comes from the obvious advancement they have in both applying digital sampling theory to analog conversion and the understanding of all the details required in the implementation. Like, seriously, just look at how clean and simple the Hugo2 or Dave innards are. Compared to the toroids, shielding, hundreds of components, big capacitors and multi daughter boards on other DACs. It's clear there is so much expertise embedded in the FPGA and circuit design that the others just don't have.
And then there is RobWatts continued presence here and open willingness to tell all and answer as much as he can. He's quite blunt about the technical downsides of other DAC approaches and open about what more he has to learn and how far he can still go to full transparency. I've learned so much from him. Where are the other mfr designers chiming in to do likewise??
Expensive yes...But IMHO the best sounding DACs from the best digital audio designer.
Oh, and when it comes time to trade in your ChordDAC-2017 on a ChordDAC-2020 you will have 100x the buyers over the others.