I have a Chord Dave as well in what I call my reference setup. I have it affixed to my GS-X MK2 because it does an outstanding job of maintaining the Dave’s transparency levels.The Pontus II gives depth to the music that the ADI-2 does not which was the dac I used previously. The Pontus II also helps the music sound more real by giving more texture to instruments.
I'm curious though what a better dac would give as the Pontus is still an entry level product from Denafrips. I'm interested in things like the Terminator Plus, Audiobyte Hydra, or the sagra dac that you use.
I find the Sagra DAC a better pairing with the Formula S/Powerman. It’s essentially made for them. So the synergy is darn good, if not outstanding. The Sagra DAC is surprisingly very detailed with incredible tone and depth to the sound. It to sounds very realistic with nice weighty notes and rich in texture. I just think this is the nature of R2R DAC’s. I’m not sure what the variance would be from moving up the ladder with a R2R DAC, but I do know moving up to the Dave from the TT2 was a revelation.