@jeffreyw Hi Jeff, The AES/EBU digital XLR connection can only handle, max 192 kHz PCM it cannot play Native DSD.
Native DSD will be converted to DOP (DSD over PCM) either by your Aurender N20 or by the DAC. DOP is very good by not quite as good as DSD.
USB will handle files of much higher frequencies including DSD, so you can play files higher than 192 kHz PCM.
The N20’s XLR digital output is excellent so unless the Aries’ USB board is better I’m sure the XLR will be the best performer. Of course you will need to experiment yourself, or ask someone that has the same combination.
In this price range quality cables are extremely important.
I do find it disappointing however that a DAC of this quality and price doesn’t offer DSD processing and I2s inputs.
Hi-Rez files at 192 kHz will sound great regardless.
On my setup with an N20 I favour USB for FLAC files and AES/EBU for WAV files.