I am currently using a TADAC from Tube Audio Design (
Tube Audio Design) that I got for under a grand. Best DAC I've ever owned. Paul G., the creator of the TADAC is actually going to install two Moon HDAMs in it for me, while still keeping the original warranty. This will make this DAC even better.
I have previously owned a Keces DA-151, Zindak DAC-5, and PS Audio DL Link 3 (not Cullen modded), and the TADAC blows them all out the water (in my opinion).
My headphones are the HD650s with a Little Dot MK6. When I finally got the correct balanced XLR cables (instead of chep $10 XLR microphone cables - that are not balanced), I was completely floored and still am by how much the HD650s improve when running in true balanced mode. If you love HD650s, you owe it to yourself to hear them balanced. It was not until I did my test over the weekend between SE and balanced, that I REALLY noticed the huge improvement balanced brings to the HD650 and I will never be able to go back to SE.
Also, for the original poster, you can consider the Cambridge DAC with the Little Dot MK6 as another alternative to the Headroom stuff if you want balanced with tubes. Though, I would spend a little more money on a DAC I can keep for a while, remember, garbage in, garbage out. But you will first need to go lossless before anything else.