I used to own the Qutest and TT2. Also tested the Hugo2. I really like Chord sound. In my opinion Rob Watts is definitely doing something right with his filters and FPGA chips. With his DACs he creates a very lifelike, spacious environment and lifelike representation of the recording. It is very alive. Lifelikeness and realism presented by Qutest might actually be superior to the RME ADI2. That said, the ADI2 has excellent clarity, about the same level of details of the Qutest. The RME is more neutral but also more tunable. Qutest somehow gives a very lifelike presentation which you will love if you mostly listen to acoustic or orchestral music. RME is more dynamic, and also almost comes across as cleaner and more detailed. If you are after bass depth, they will both satisfy you. But with RME you can fine tune and enhance your satisfaction.I have an RME ADI-2 DAC and am pleased with it.
Quite a few people seem to prefer the RME to the Chord Qutest and Hugo2 for sound quality. Has anyone compared the RME with a Chord Hugo TT2? I know the Hugo TT2 is a lot more expensive, but I was wondering about upgrading the RME at some point when I can afford to.
I would say if your ultimate goal is recreating lifelike acoustics go with the Qutest. If your goal is to have the clearest, punchiest and most fun sound which is also tunable to your taste, pick the RME. Don't underestimate the tunability of the RME. I was never into EQ, I still don't use EQ on the RME but I do experiment with loudness function and bass/treble knobs. These are great to fine tune capable neutral headphones to your liking, like the LCD-X.
Regarding the TT2. Yes, it destroys both the Qutest and the RME. The TT2 just sounds so much more natural, effortless, lifelike. Deep details are coming through in an effortless and natural way. It is smooth, never hurts your ears. Vast, as close to the space of recording as possible.
But it is 4K,or 3.2K secondhand. While the RME is well under 1K (7-800) and the Qutest is around 1K.
IMO you can build up a very satisfying system with the Qutest or the RME. Jumping to the TT2 only worth it if 4K is just a part of your monthly turnover. Yes, the TT2 is another level compared to the Qutest or RME. But only you can decide whether the improvement is worth 3-4 times more of your hard earned cash.
While I loved and enjoyed every minute with my TT2 for about a year, I realised I went over my sane budget for my personal audio. Now I am happy with the RME and saved a few thousands at the same time...