Holo Audio May DAC


Just read a very nice review of this in Stereophile this month and after doing some research it looks like this one could be a very nice option for me.  
https://kitsunehifi.com/product/holo-audio-may-dac/
  
It's made in China I think (or could be Taiwan?, and yes, I am very well aware that these are two very different countries. ;)), and employs a direct to consumer model to keep the price as low as possible.  This does not worry me after purchasing a Jay's Audio transport from Vinshine Audio and having zero issues.  

Just curious if anyone here has heard one or purchased?  I'm very intrigued.  I know the Denafrips Terminator is another highly regarded DAC with a similar ordering model, but costs a couple grand more than this one.  Considering that one as well.

Thanks
snackeyp
@debjit  I haven't tried mine with DSD512, but I'm sure it sounds great.  I feed it with a Innuous Zenith Mk3 server.  I also use a Jay's Audio CDT-2 transport with it and they both sound great.  The best I've heard so far in digital.  
@jriggy

The high bitrate upsamplers will always say a DAC sounds best that way.

yes i think this is true

in my pursuit of streaming and digital file playing, i have focused on what makes cd quality material sound as close to and ’analog’ like as possible - this objective is important as so much/most music out there exists in this resolution

higher bitrates/mqa/dsd etc etc are icing on the cake, relevant side dishes, not the main meal deal
HOLO Audio/Kitsune recommends that you use the non-oversampling mode for best results. Up-sampling is available, but does not use the R2R ladder DAC for processing.
Up-sampling is available, but does not use the R2R ladder DAC for processing.
You "may" have that worded wrong, can you post the link where it says that, or get him to post here if he emailed that.

Cheers George