Yeah, because as said, it's 400 Ohm... so it shouldn't have issues with a 5K load. But a DAC with more than 500 Ohm may actually have some issues.
And there is one such DAC where the DAC chip is connected to the RCA jacks here:
http://www.ebay.co.uk/itm/Non-Oversampling-DAC-TDA1543-DIR9001-96kHz-SPDIF-Coax-Optical-9V-NiMH-charger-/200858459050?rmvSB=true
(passive I/V)
Attenuation is clipping out low-level signals. It's not like the amp is perfectly transparent and won't add its own noise... so when the signal that comes into the amp is as low as the noise floor, it'll just get lost. Attenuation will cause that to happen more often.
As for the Audio-GD devices, I meant they were not appropriate for the O2. The O2 would audibly clip when fed a signal greater than 2Vrms. Audio-GD DACs typically go up to about 2.5Vrms, I think, so that's more than the O2 can handle, and it'll clip. You may very well build an attenuator and mitigate the issue just fine, but then you're clipping out about 20% of the signal in that case (2V vs 2.5V). I don't think I'd choose that route.
Either way, I'm just trying to come to some explanation as to why some DACs may sound different, coming from an actual technical standpoint, and not just due to subjective impressions. Granted, this has no bearing on their actual pricing. I'm using a $150 DAC (Geek Out 450), and loving it.