As someone who loves Chord products, I think, the new £4750 asking price for the TT2 is a bit steep on the current market when you only want a headphone DAC/amp. With a speaker setup the case might be different.
Let's focus on headphones now. When the TT2 first came out in early 2019, it was £3995. A real bargain in my opinion.
Now with some patience you can get a used TT2 on the second-hand market around £3000, even below 3 grand. That again is a bargain, although your warranty will be out or very limited.
I tried a lot of DAC/amp combinations around £2000-4000 and they are indeed very good. Some of them in some respect are better than the TT2, but if you look at the whole picture, the TT2 still wins out on a coherent and flawless performance.
To give an example, the Bryston BHA-1 is a fabulous SS amp. Very clean and clear, very punchy with good spaciousness combined with a capable DAC like the Soekris 2541, Qutest or RME ADI2.
I also connected the TT2 to the Bryston, which utterly destroyed all the other DACs mentioned. (3D spaciousness and naturalness on the TT2 as a DAC is just out of this world compared to the others.)
After these thoughts only one question remains. What does the BHA-1 add or remove from the TT2 for headphone use only?
Well, at first the excellent Bryston SS amp seems to add more punch, the sound is more 'stretched'. A fake improvement in clarity?
As you listen a few minutes though, it is easy to realise that the space becomes flatter, less 3 dimensional. There is an extra sense of punch with the Bryson, but definitely less refinement and texture in the bass. What you gain with the 'TT2 only' is a better positioning and a lot more natural and lifelike feel of space, although in an ever so slightly softer/more 'micro-rounded' manner.
While the Bryston adds extra punch and energy, it looses out on natural 3D spaciousness. The BHA-1 does upper mids and treble in a slightly aggressive way. This contributes to the exceptional sense of clarity and detail with this amp, but also takes away from the pleasure of long-term listening.
At £3000/3500 (used price here and there) the Bryston with a good DAC is a real bargain. At the same time, the TT2 is an even better bargain if you value spaciousness, better 3D positioning and a warmer, softer; more micro-dynamically rounded sound but with equal amount of details.
At £4750 the 3year old TT2 is getting more challenging to recommend when you can buy outstanding combos for half the price on the second-hand market. Still, Chord remains exceptionally special. Special in perfect 3D positioning, amazing soundstage depth, and a smooth and ear-friendly sound while providing all the resolution and detail retrieval other similarly priced devices can only dream of.
The combination of smoothness, clarity, detail retrieval, 3D spaciousness with exceptional depth is what makes Chord DACs unique.