I wanted to upgrade my dac half a year ago. I had an ES9038Q2M dac that sounds very nice, a modified 8x tda1543 same as my little mini 4x1543 NOS dac. The 9038 had BT, DSD decoding, modern dac that sounds very good. The 8x1543 is better in natural sound, stress-free reproduction. So i was looking at SMSL M400 or Denafrips Ares II. I chose the Ares because I just know and hear that R2R is better. MQA isn't really a bonus.
So after receiving the Ares I was impressed with my 'first real' (entry) high end dac on the level I am used to from the rest of my old system. Build is great, unpresuming. Lots of inputs. The sound is also as I thought it would be; very quiet background, a bit narrower soundstage compared to the es9038q2m but the same as the 1543 and very deep and well defined.
I wasn't sure if everything is there like in the 8xTDA1543 because it sounds a bit darker, smoother. So I played some native dsd64 material. That means usb input. That really shows what the Ares is capable of. There is no rolled off highs, just like it should be. Nothing added and nothing taken away, very natural. Very spacious, clean wide and deep. Tonality and timbres are great. I get bass, mid, treble presented like its just there. I get bass slam, speed and depth. My Genesis subamp driven speakers aren't shy in that department. I only have 1 DSD128 recording, of Brahms 1 (Barenboim, BP), that really takes up a lot of data space. But it doesn't disappoint. It's again one step closer to thinking your in the Berlin concerthall. I can hear the musicians but also the depth, width and height of the venue.
So what about the other inputs? Does that make a difference?
I use toslink for my android tv, that means tv series and movies (no talking heads! so fed up with the daily 2h of hate and propaganda), Netflix (so much better quality video and sound quality), youtube etc can sound surprisingly good, DLNA is limited to 48kHz but sounds very good, much like the USB input.
Next is the coax. That means cd-player (and DP5, later). Something I don't use often. I just bought a new Shanling because a was fed up with non-working old cd-players and haven't played any for over 5 years. But now guess what. This is a bit too creamy. It IS rolled off. Very relaxing and very sweet but not something I like. Can it be the Shanling Tempo drive? So routing back to the 1543 and there's the complete picture. Fresh and limited air (this is not getting me back into cd's!). So now feed the Ares coax with the DP5 and 24-96 pcm. That does get better, less rolled off. In all honesty I can't remember how this compares to usb, i think its still a bit rolled off but less so. But I'm not limiting the high res DP5 to the coax out.
So far I really like the performance of the Ares. I knew it would have better inputs than my own TDA1543 's and I also expected a little bit of veiling because of the output caps (it's not a Terminator+ level output). But yes, this is completely true; it's a lot better and somewhat worse in different aspects. But that is a personal consideration because there are no dacs on the market like the vintage budget level dac-chips I to which I modified the output to just how I want them. 'Cause you can't sell 'm like that.
It's a bit like the Mitsubishi Zero airplane, stripped of all armor to reach Pearl Harbour or the Porsche RS (only I took it even further and took out the headlights, seatbelts, passenger seat etc. ie not permitted on the road) Yes the TDA1543 is a limited budget solution that is limited to 24-96 but I pull everything out that is possible. And the Ares is a discrete R2R with also a passive output but adhering to commercial standards.
So how about a head to head (Ares, DP5 internal 9038pro, tda1543) with my old reference tracks I used to get that old Philips TDA1543 chip to shine. Well it's also a matter of taste. So I don't know if this is helpful to you. I always use Sakamoto & Morelenbaum²-Casa (tr1: a praya deserta) , bossa nova with pno, cello, female singer in a private studio with birds chirping in the background. And David Sylvian - Secrets to the beehive (tr6: When poets dreamed of angels) singer, 5 guitars (arr Sakamoto, again) percussion, strings, very wide and deep soundstage, guitars in a semi circle around the singer. Spot the guitars! Both tracks only 16-44
It starts with a pianoloop,bossa and birds.
The DP5 did as expected and went into overmodulation. Harsh and stressed. The singer was nice and natural, right amount of space, very wide, no borders or walls. And when she gets loud, on sustained notes there's the over modulation again. I can hear the birds but they're cut off at sustain.
The Ares did the same on the opening notes. And the singer. Only smoother, quieter background, a bit narrower but there's a sense of venue. You can hear the size of the room. Mesmerizing sound. I can hear the birds chirping, sound coming in and out without being cut off. Besides the start very nice.
Then the cheap 4x1543. A bit less loud (3dB?) But surprise, surprise! Perfect pianoloop! And no, it's not the recording and not the amplifier (turned it up). It's in the output stage of the dac. No cringing, no toecurling. Just music. The venue is open but defined, birds coming in through the window (ok, thin walls). The singer is singing freely, no rolled off highs. Is there a slight sense of hiss or grain? No, not really. It's just very much like being there. But different than DSD128 on the Ares, like the 1543 is a single malt islay and the Ares is Baileys. Not everybody likes islay because it's so peaty but it sure has balls and character. And I love it. So to my taste a resounding knock out in round 1 by the 4x1543!
Track 2; guitars and fast transients and deep space.
The DP5 performs well. A bit (over) sparkly on the guitars but staccato. Voice convincing. Deep space indeed. Very wide. Guitars attacking like mosquitos in the dark. Where is that coming from? Too late... It's a couple of guitars. 3? 4? 5? Where exactly? Still beautiful music and 'perfectly reproduced' if you wouldn't have heard...
The Ares. Now here's the blackness of space. There's a man singing in the middle. A guitar plucking with nails. All the way right, left, middle, mid right, more left, all together. it's a clear semi circle. This music is so good, minimalistic but emotive. The lyrics are gripping dangerous poetry. Again, this is forgetting. Forgetting...
The true minimalist. Is it a Shigiraki clone? No, but something like it. 4x1543. I'm a bit out of words here. So just whats different from the Ares. Why do I like this better? This is not dark space, not white space like in 'The Matrix' but it's dark space like you know there is light but it's not reflecting on anything and there are no lights. But when the guitars play you can almost see it. Still a game of 'spot the guitar' because they alternate so quickly. The singer is in the middle. No spotlight on him or the guitars like the DP5 9038 does but normal, dimmed slightly high color temperature (whitish) light. This is just why I like this music so much. Just as I remember it only now even better since when I played it (to often) on my system from 8y ago.
I know thise tracks are both small setting. I have not really sat down for comparative listening of complex music or electronic music. But from just listening to the Ares it didn't drop the ball anywhere. Wide symphony orchestra or Infected Mushroom, Rammstein, Zomby, organ music, Renaissance, Nina Simone, Miles, Jazz at the Pawnshop (although I missed some air there dsd vs vinyl).
So, I think it's a great dac but even I still severely underestimated my own little dac. I'm really not trying to pat myself on the back here but I was sincerely surprised (disappointed and elated at the same time). Now enjoying DP5 >4x1543 and tv>Ares.