It’s hard to say no to a Denafrips or a Holo May KTE for the money, not gonna lie.
I am a firm believer that most of what I buy can be improved with modifications. Everything is manufactured to its price point. I have a second Dac which has just had modifications completed.
From the original owner, who is testing it for me:
"It still has the lovely clean top but non fatiguing. Detail has improved and its sense of timing. Bass, body and punch has improved too."
The guy who modded it said after two days:
"... it’s really starting to open up now, really nice tonal quality and a fluid ease to the sound..."
If considering the Holo May, contact bigkidz if US based, and at least enquire about their mods.
https://www.vujadeaudio.com/mods-and-repairs.html
My mods are performed by Coherent Systems in the UK.