This information may assist you in choosing between different Arcam products. Arcam has either stated or suggested that technological advance is the reason for the ring dac used in the FMJ 23 not being continued in the FMJ 33 and FMJ 36. I know Ive read at least one magazine review where that view was stated as the companys explanation. However, Ive read elsewhere (sorry, cant recall where) that the ring dac was abandoned because of its high fail rate in manufacture, which added to its cost and constrained supply. Of course, if the latter explanation is true, it has no bearing on YOUR choice of Arcam player. As a personal observation, the FMJ 33 was being designed and coming to market just when the impact of cheaper Chinese manufactured components was beginning to be felt, so European and North American manufacturers like Arcam were becoming ever more conscious of cost.
You probably already know from your own research that the ring dac was designed by dCS, the maker of the very highly regarded and expensive Verdi/Purcell/Elgar stack of digital front-end components.
You probably already know from your own research that the ring dac was designed by dCS, the maker of the very highly regarded and expensive Verdi/Purcell/Elgar stack of digital front-end components.