Ric Shultz at EVS does a $65.00 mod to and the results are said to be superb.
http://tweakaudio.com/5-10-2017: For those that are using coax input on anything.....you must use a modified IFI SPDIF Ipurifier. Simply amazing what this modded thing does. Stock, it gets nothing but rave reviews.....modified it is another thing altogether......incredible! The mod consists of damping, removing two LEDs (toslink output and frequency/lock indicator, and hardwiring/shortening the power cable from the power supply. The price of the mod is $65 plus return shipping .
The IFI spdif Ipurifier has an unpolarized AC plug on its power supply. Please try the power supply both ways into the AC socket. It sounds very much better in one direction. Please experiment for best sound.
http://tweakaudio.com/EVS-2/LKS_Mods.html
Scroll down the page from the LKS link for a letter from a customer regarding the mod. I will be sending mine to Ric soon for the mod.
Peace