... the interconnects to the amp are only 1/2 meter.
Good!
... the USB/ SPDIF converter is a Musical Fidelity V link.
I see that both versions of the V-Link for which information is available at the MF site (the V-LinkII and the V-Link192) have specified output impedances for their coaxial outputs of 50 ohms. Which is absurd if true, as it would create a gross mismatch to the 75 ohm input impedance of components such as your DAC which provide standards-compliant S/PDIF inputs, as well as to the impedance of standard 75 ohm digital cables. The likely result being unpredictable but almost certainly adverse sonic effects, which among other factors would vary unpredictably as a function of the length of the digital cable.
On the other hand, though, I see that John Atkinson’s measurements in Stereophile’s review of the original version of the V-Link (
www.stereophile.com/content/musical-fidelity-v-link-usb-spdif-converter-measurements) made no mention of such an issue.
Assuming you are using the coaxial output of the V-Link, as opposed to its Toslink output, I would suggest that you contact MF and ask them if that 50 ohm spec is accurate. If it is, my one suggestion beyond what has already been said is that you consider replacing the V-Link.
Good luck. Regards,
-- Al