DAC Choices - $5,000 to $7,000


What are the current top DAC choices in the approximately $5-$7K price range (new or used) that I should look at as possible upgrades to my current Metrum Adagio?  Having an on-board volume control is not a factor as I can operate my system either way.   If I wanted to spend more I would look at Totaldac, Rockna Wavedream Signature, or one of the other top-end contenders, but I selected the price range to achieve a sound quality that is consistent with the rest of my system and because I don't want to spend more due to the still evolving nature of digital technology.  I do like the more natural sound (to my ears) of NOS R2R DACs.  So far, I have considered the three below, but none seem to be a slam-dunk upgrade from the Adagio, which still sounds pretty good in my system.  The decision is complicated by having to "buy to try" so that I can hear one in my system.  Maybe now is not the time for an upgrade.  Any thoughts?

  • Denafrips Terminator w/DSP board - Reportedly has the full body/dense tone type of sound I like, but also has a high'ish output impedance 
  • Holo May KTE - Reportedly measures great for an R2R DAC and has strong reviews 
  • Rockna Wavelight - Some reviewers like it but others put it in the middle of the pack for the price
mitch2
this is why it is so important to hear stuff for yourself. Although you and a couple of reviewers indicate the Morpheus may have a touch more meat on the bones than the Adagio or Pavane, I have spoken with several others who have indicated they hear very little if any difference between the Morpheus and the Adagio. I have heard from a couple of people, and from Granny's post below, that the Morpheus is thin sounding, and from one industry insider who recommends using a preamp or buffer with either the Morpheus or the two top Metrum DACs.
My personal finding with both the Pavane and Adagio (both of which I have owned) is that they have good tone and detail but need a preamp or buffer to achieve the level of body I enjoy. I am hoping to find something with a similar level of tone, detail, and naturalness, but with a bit more body and weight. It seems the Bricasti M3, Holo May KTE, and Mojo Mystique may provide this and also possibly the Rockna Wavelight and Terminator.  

@mitch2 
I also own Adagio since 2018 and used to follow your posts. Initially, i also found its sound to be a little dull and thin. Then after a year, I got hold of EAR868 tube amp and now the sound has become more full-bodied and a little more transparent. Maybe you need to consider changing/adding a tube preamp even for a few days to see if there is any change in the sound.
I highly doubt if any other DAC can give you better sound in an almost similar price range.
Sorry @rsjaurr but have you seen mitch2's system page? He has one of the finest pres I've ever heard the SMc only wish I could afford one. That's not the issue in this particular case IMO.
Sorry @rsjaurr but have you seen mitch2's system page? He has one of the finest pres I've ever heard the SMc only wish I could afford one. That's not the issue in this particular case IMO.


Yeah I know about his preamp. He can borrow a different pre and try it. Just my two cents. 
mitch2,
Try to give the Sonnet Morpheus a listen.
You may like it and it comes in far below your stated price range.