Infact specs on the magna hi fi page mention ONLY the additional cnc milled remote control with L2. I dont see any technical differences in wiring, fuses or capacitors mentioned there. Hmm ^^
From kitsunehifi:
1) Spring 3 L2:
Spring Version 3 L2. This is the model known as the Level 2 - Standard USB Module, Standard Copper Roundwire Otype transformer,
HoloAudio Caps, Schurter Gold Fuse,
CNC Remote Control. USB Cable, Power cable included ONLY for North America.
2) Spring 3 L1:
Spring Version 3 L1. This is the model known as the Level 1 - Standard USB Module, Copper Roundwire Otype transformer, Shurter fuse, no Remote Control, USB Cable, Power cable included ONLY for North America.
These are the differences...
Mind you the remote control of the L2 is pretty much useless if one doesn't opt for the preamp. So essentially If you don't need the remote you pay more for couple of 'Holo Audio Caps" and a useless remote.
This ist how kitsunehifi describes the L2:
”Level2″
(With HoloAudio caps for ultimate power filtration and improved sound quality – Sound quality is refined and more relaxed, transparent and details are more refined and clear while remaining neutral. ) It has standard Red label 5N Copper Otype Transformer, round wire type copper wiring. This is a popular option for those who want a little more out of their dac with improvement of sound from the caps as well as this version will include the cnc machined aluminum remote control."
Make up your own mind.
I don't want to bash Holo Audio. On the contrary, i bought the Spring 3 L1 and i am very satisfied with it!!!
I just want to say that the L1 might just be what most of us want or need...
But that's just me...