R to r dacs


I was completely taken by the sq of the Aqua hi fi la scala dac during a demo.  Even with a discount the price is out of budget and would have to add a streamer as well
I have been following multiple impressions of direct to consumer units such as Denefrips pontus, audio gd 7 and Holo May.  Anyone with experience with the Aqua hi fi and the subsequent dacs?
TIA

tennisdoc56
But, the Qutest conveyed that detail that seemed artificially Technicolor.
Because it's said Delta Sigma based dacs, while "so far" the way to go for converting DSD, can only give a facsimile of PCM Redbook 16/44 24/96 or DXD, where R2R does them "bit perfect" and one day will do DSD consistently better also.

Cheers George
I own a Denafrips Pontus purchased less than a year ago and I am very satisfied. It was at the high end of my budget but I am very pleased. The Pontus has been upgraded to the Pontus II and I suspect it will be better. I think this would be an excellent choice. I have mine paired with a Roon Nucleus+ server using Qobuz and I don’t want for better. 
Bill in Nova Scotia
Calvin,
That was quite a review. Alvin may want to borrow a few lines.
I had the Ares 2 for two weeks and had to sell it. My ears found
it a little too harsh. Great improvement over the DAC in Oppo 205.
I wanted an R2R Dac with a tube in hopes it would soften the sharp
edges enough for me. 

Thanks to George I finally understand the workings of a DAC with
both a chip and R2R. My new DAC uses the AD1865 but did not
cost $20k as the AudioNote Version does. $1,500 Audio Mirror Tubadour
is keeping me happy.

I am looking to borrow a Pontus 2 for a comparison.

As the good stuff just keeps coming I am happy to get another
in a year or two that does even more for less $$.

But meantime I am keeping the AM. Thanks Vlad!
I'm also looking to move to an R2R DAC. I was leaning toward a tube-buffered R2R like the Audio Mirror Tubadour III or the Monarchy Audio NM24 but I have the opportunity to purchase a now discontinued MSB model for a decent price. Has anyone heard the MSB Analog DAC? If so, what were your thoughts compared to other DACs you've heard?
Holo Spring 2 Kitsune Edition 
extremely analog sounding 
great balance from top to bottom.
best I have heard.