I really like the DAC2 board in my C2700, I also have my TV in the same room and the ARC input is a godsent for integration of the TV into my audio system. As for if its better then the DAC1 board I cannot say but everything i read says is an upgrade.
I would not hesitate in getting a MAC per-amp with the DAC2 board if you have digital in your system. It was better then the Schiit Gumby multi bit DAC I was using prior ( $1300usd) and better then the Aurender A10 internal DAC i have now. Its quite lively sounding and has good detail and sounds like music, i found the Aurender A10's DAC to be quite dark sounding in comparison. the Schiit DAC is a great value for the money though but not quite up to the DAC 2 board specialty when taking into effect the ARC integration and inputs available.