Will never forget the first time I heard an old version high $ Mark Levinson CD player and the old first version Audio Note DAC.
Call it warmer or smoother or whatever, just sounded very "natural" to my ears years back. No grain or etch. Non-fatiguing. You’ll hear this from many R2R Ladder DAC owners. Simply musical, no oversampling, no overtones, no echo or reverberation sound, simply musical. IF you like it, it can become a must-have acquisition.
Was off to see the wizard for and tried other DACS in between, kept eyes open for a reasonable R2R Ladder DAC.
A decade later tried again to evolve and compared to a new Benchmark DAC3B, used in various applications professionally and home use. Sure, super nice quality, open, transparent, detailed, overly huge soundstage, yet something was just missing. Too perfect, maybe? Not as musical to my ears - even compared to my own MHDT Orchid with upgraded Mundorf caps and nice vintage Telsa tube. Sounded great in stock form, too upgraded caps just for grins, and the stock caps and stock GE 5670 Triple Mica tube supplied in the MHDT Orchid were just fine too. Plug it in, burn it in, and let it go for 90 days and keep listening for the tube/caps to settle in. Same with the Pagoda, a buddy has one in a pro studio for mastering and actually uses it there too, tubes and all!
It’s all preference, whatever you like and what gels best with your system and speakers, for your ears.