I have just bought a Qutest to use as a stopgap, having just sold my DAVE/Blu 2, and while I look for my next DAC. I really liked the DAVE/Blu 2, but it wasn't quite perfect for my tastes, so I am looking for something a bit different. Nevertheless, once I sold it, I immediately missed the Chord sound - there is something quite addictive about it - and decided to buy the Qutest just to see how close it came to the DAVE.
Surprisingly, the Qutest does retain a lot of the character of the DAVE. No, it does not have the depth, transparency or detail of the DAVE (and you wouldn't expect it to), but it does have a strong family resemblance, particularly in the sense of naturalness and lack of listening fatigue. I wouldn't be surprised if I ended up buying an M Scaler just to see just how close it can get to the more expensive Chord DACs.
However, the real reason for my post has to do with input selection. I was using the USB input on the Qutest from my Ultrarendu, just as I had done with the DAVE/Blu 2. I noted that the sound was just a touch dry and lacking the last degree of tonal saturation. This wasn't entirely unexpected, since Chord DACs do tend towards the drier end of the spectrum in my experience. This was one of the reasons why I sold the DAVE and Blu 2 (and also why I had sold its predecessor, the QBD76HD).
However, today I tried switching to the SPDIF input, running my Ultrarendu through a Singxer XU-1, with a Black Cat Silverstar BNC cable. I wasn't expecting to hear a difference, but the sound was vastly improved. Suddenly it was more focussed, tonally richer and more saturated, with a quieter background. This was a big surprise since I had always understood the USB input to be preferred. I wonder if this is unique to the Singxer SU-1 or if the coax input is in fact better generally.