sorry, i thought you were talking about $600 on the topping dac alone and led me to think the 'Octo'. I did try e70 Velvet and it did throw deeper SS relative to previous topping dac I had but not really stand up to the Schiit dac whose house sound I like better. I kinda give up the mass production chifi dac now including smsl. I may jump up to Denafrips Pontus II after I sort out which streamer I want to upgrade to as a whole digital source package.
@jastralfu I do not have that level of DDC/DAC combo as the benchmark to do the comparison. However, to do justice to the iPhone 13, I switch it to airplane mode (but leave Wi-Fi on for Qobuz), turn off all notifications, Siri, and all other possible interferences I could think of. The test track was 'Fever' by Chantal Chamberland. With my iFi-ZS (with Lhy LPS) and Schiit Modius combination, paired with Burchardt S400 II, I would agree with you that the SS disparity is noticeable, but I also notice a volume level difference. The iFi-ZS volume output level is a bit higher. After I match the volume, the SS disparity is somewhat less. I would say it shrinks from a bit beyond the speakers down to right on the speaker. However, even though I was doing low-level listening, the bass articulation from both is pretty much on par. The midrange body is slightly less on the iPhone, but not by much. The treble details and airiness from the iPhone are impressive too. I would expect these disparities to be intensified with more revealing source components, as you have.