Caphill, we were a Devialet dealer and the sound quality just was never there, in some ways the Devialet was extraordinary, no noise, deep bass, big soundstage, the problem was always the product never had the musicallity that drew you into the experiece, the T+A was far superior when we tried a large list of amps/preamp combos on our Polymer Loudspeakers and then the Paradigm Personas, the T+A gear sounded better than the $60K CJ Art and Gat, the Manley Labs Snappers, the Electrcompaniet AW 400, the Devialet D400 Monoblocks, the Thrax gear, and finally the Chord SPM 1400 monoblocks and CPM 5000 preamp.
Also in terms of the Bel Canto being better than the T+A 2500R Dac 8 DSD combination, Everest did not setup the Dac 8 correctly you need to be running Roon or Jriver, and converting to Double rate or Quad Rate DSD which opens up the sound considerably, which is one reason we don't carry the Melco. PCM on the Dac 8 is good, upsampled is way better and in the case of the Dac 8 the real magic is running the higher rate DSD which really creates a spooky 3d soundstage and a very analog like presentation.
The Bel Canto maybe fantastic but you should also be aware it does have its limitiations, one of which is everything is digitized including Analog signals, and two everything is converted to PCM.
We personally find that for certain products DSD sounds much more like analog but it does depend on the product.
So we would recommend that you compare the Bel Canto vs other similar packages and let the chips fly.
Another thing to consider is how upgradable is the Bel Canto?
We did check out the Bel Canto Black and it does seem like a very interesting piece, with the notable limitations as noted.
The Naim Nova is a fantastic piece for the Kef Ref ones, and the upgraded NAC 272/250Dr is really impressive if you are looking for a more minimilist two box solution of amp with dac/preamp/streamer that will outperform the Nova, Caphill is right on the money with the Nova, it is excellent and the package is great with the Ref Ones.
Whatever you choose look for a warm fuller sounding amp for the Ref Ones have very low levels of coloration and can benefit from a warmer sounding amplifier.
Dave and Troy
Audio Doctor NJ