I find it odd this whole PCM1704UK vs Sabre32 "war" has become such a big topic. It seems it really did take Audio-gd to start making Sabre32 DAC´s until the general opinion moved more into their direction. Honestly though, Buffalo32 has been here for quite a while already. So has the Eastern Electric and the Wyred 4 Sound DAC range, yet they haven´t become popular here. Isn´t really all that complicated. It isn´t really a brand new chip anymore, and I´d say there´s plenty of material around the web about both. I´d personally sum up the whole situation like this:
- The Sabre32 seems to be the first mainstream Delta-Sigma DAC chip that has gotten really, really good reviews, and handles the jitter problem reasonably well. Some say it´s the best, others still prefer the PCM1704. Everyone agrees it´s a good chip.
- The chip alone does not make up the entire sound. There are other variables: analog stages, power supply, filter choices (with PCM1704UK DAC´s) and so on. Both chips are good choices, and if implemented in a high end way like Kingwa does in the REF/NFB series, the difference between the two is not that big. The person who´s most qualified to compare the two ranges says there are only slight differences (more "mature vocals" in PCM1704, better impact/noisefloor on Sabre32, more "analog" sound in PCM1704 vs. a more "modern sound"). As said though, these differences are not that big.
So why pick a Sabre32 one:
+ Fantastic price/performance
+ Theoretically less transport reliable due to the massive built-in oversampling
+ It´s the latest high end chip out there, new has its benefits
+ Heat levels have less of an effect on sound quality
+ Easier to implement, a kind of "complete package"
- A chip tech under development, there will be better Sabre´s eventually. But this isn´t really a minus, especially due to the low cost. And technology never stops, neither should it! Less of a novelty factor compared to R2R DAC´s though.
- In theoretical discussion, R2R vs Delta-Sigma, some claim R2R are fundamentally always better. This is obviously up to debate. Who knows? Not 99.999999% people posting here, including me!
- Not that much to tweak compared to PCM1704UK (filters etc), more of a "complete package"
What about the PCM1704UK?
+ Proven track record in high end hifi, used in most top line products from traditional vendors such as Naim/Wadia etc. It´s hard to deny this chip is a legend. This doesn´t mean it´s necessarily any better, but it´s proven to be a very worthy contender.
+ High novelty factor, owning one of these can be considered special as they are no longer commonly available. You´ll be able to buy a Delta-Sigma DAC any day, but there aren´t that many PCM1704 users out there anymore. Especially cheap ones ares non-existant. This makes the REF series unique: affordable high end R2R. But also more expensive, so do you want to pay for the novelty?
+ In the "R2R vs Delta-Sigma" battle, this is the last great R2R chip so if you belong to the R2R camp, you won´t be upgrading any time soon.
+ Versatile as it leaves a lot of choices to the DAC designer.
- Expensive, why pay if Sabre32 is close, equal or even a little better and easier/more cost effective to implement?
- The novelty factor can also be seen as being "outdated" or "vintage"
- Heat levels have an effect on sound quality
- Hard to implement as it leaves a lot of choices to the DAC maker, such as the filter etc.
So, IMHO, there is no straight winner. Sound arguments can be made to support both. Both have a lot going for them and are fine choices. And as for the theoretical wars, it´s important to understand the our knowledge of how the brain exactly works (and thus how sound is "created") is not that sophisticated. Measurements can tell certain things (if gear is neutral in the monitor-way), but it does not say if a sound is "good". We are all different. We prefer different sound signatures. Different kinds of music from different periods. In the end the only way to know what you like is to try to get a chance to listen to different gear and compare them yourself. Your own opinion is the most important one when it comes to audio. If you go on the forum research quest, you´ll always find polar opposite views on almost anything when it comes to audio.