Initially I hoped that it is only my AM3A unit that has this issue. But once I compared with the 2nd unit at the shop, and got the same result, I'm quite surprised that the noise floor level of the Q5 2.5mm output is audibly higher than:
1. Q5 3.5mm unbalanced output
2. Onkyo DP-X1 2.5mm balanced output
To my ears, the Q5 3.5mm output SNR is around 85 dBA or higher at 50mV rms output level, which is excellent. I haven't measured, just my estimation. While the 2.5mm output, in my estimation is 80 dBA SNR or lower, at 50mV rms output level, which is not very good for a flagship product. I have to make 2.5mm balanced measurement cable for proper measurement. Don't have time for cable DIY at the moment, hopefully soon I have time to make one for proper measurement using my QuantAsylum QA401.