If you have a decent DAC already, I'd go for the Elise. It being hand-made in Europe is a big plus. And it comes with way better stock-tubes.
@
wangtox could you get yours to work now?
I would not be that fast with similar sort of statements.
First of all, one does get more value for the money with the Quad, provided that one does not already own the DAC, and even then, it can be a tricky matter.
Second, and far more important: these are different in topology and as types of amps.
Quad Pa One is transformer coupled, (push pull configuration, some say) type of amp.
Feliks Elize is stated as OTL.
Both have its advantages and disadvantages. Transformer coupled tube amps have, according to some, magical synergy with some headphones, such as some AKG models and Grados.
OTLs are in general well suited for higher impedance cans, yet Feliks Elize is stated to cover the range of impedances as low as 32Ω and as high as 600Ω.
Quad Pa One is said nominally to cover 32-300 Ω, yet, I have had correspondence with folks at Quad, and have been told that it is perfectly safe to drive even the 600Ω headphones with this amp.
I did test it with the AKG K240Ω Monitors, 600Ω, and Quad Pa One did not break a sweat, not even a hint of clipping or distorsion, and drove those 600Ω headphones with ease, and hardly ever needing to go to 11 o'clock, if even that, with the volume knob.
I would say - go with your ears and your needs, test listen both amps with the range of headphones.
I do not see it being hand made in a Europe as a big plus, as Quad is a venerable UK company that does fully stand behind their products, so really, not an issue.
As far as I remember, the amp section of the Quad is also point to point wired, do correct me here if I am mistaken.