Chad, depending on which Monarchy DIP you have a DIP upgrade could go a long way. If you have the old style DIP with the RCA connections on the front and the power on the back then it uses a PLL to de-jitter, and this can be improved.
I went from an old DIP to the new DIP classic (the latest incarnation, contrary to the name), which uses an asynchronous sample rate convertor chip to de-jitter the data stream, instead of the old phase locked loop. In combination with my Monarchy 22A DAC the sound took a big step forward with the DIP classic.
From what I understand this de-jitter method is the same as is used in the highly touted Benchmark DAC-1.
If you trade your older DIP against a DIP classic I expect it will cost less than $100 for the upgrade.
I went from an old DIP to the new DIP classic (the latest incarnation, contrary to the name), which uses an asynchronous sample rate convertor chip to de-jitter the data stream, instead of the old phase locked loop. In combination with my Monarchy 22A DAC the sound took a big step forward with the DIP classic.
From what I understand this de-jitter method is the same as is used in the highly touted Benchmark DAC-1.
If you trade your older DIP against a DIP classic I expect it will cost less than $100 for the upgrade.