I have a Qutest, tweaked with a used M-scaler (from here) and a LPS for each.
I went this route because I mostly listen iTunes, and the M-scaler can upsample the files in the music library I already have! Plus I can get music on Bandcamp, in ALAC files, for a great price when I want new music.
I still wonder how a comparable ladder dac sounds with Hi-res, and I know more $ can buy better sound and Hi-res files, but I have no desire to change what I have.
I've heard great things about the Pontus II.